Legal

Chief Executive Officer Sam Walshs pay compared with the companys average worker is deemed to be disproportionate, PIRC, a U.K. adviser to institutional investors with more than 1.5 trillion pounds ($2.5 trillion) in assets, said today.

There are far more older women than older men, and the Bank of England policy in the post-crisis period had a dramatic negative effect on pensions and annuities, said a former director of the Sage Group.

JPMorgan Chase & Co. won dismissal of a lawsuit filed on behalf of current and former employees over losses in their retirement accounts allegedly stemming from the $6.2 billion London Whale trading debacle.

Most fiduciaries and employers want to do the right thing but, as the DOL notes, inadvertent mistakes can create "significant problems."

Chicago Federal Reserve Bank President Charles Evans predicted the federal funds rate would be at 1.25 percent at the end of 2016.

New York City Comptroller Scott Stringer said the citys $148 billion pension funds withdrew shareholder requests that Jarden Corp. and Microchip Technology Inc. diversify after they appointed women to their boards.