Legal

Prudential Financial has lost its appeal to shed greater government oversight, after regulators made a final decision that the insurer is one of a group of financial companies so big that they could threaten the financial system if they were to fail.

The Plan Sponsor Council of America, ERISA Industry Committee and U.S. Chamber of Commerce have asked the Department of Labor to clarify some of its proposals relating to fee disclosures in participant-directed individual account plans.

The federal governments Thrift Savings Plan will begin recognizing same-sex marriages with regard to spousal benefits.

Oklahoma lawmakers plan to launch a legislative study into proposed changes to the state's pension systems.

The 401(k) giant denies the allegations, which include claims it loaded up the plan menu with its own, actively managed proprietary funds.

Fidelity Investments says the SECs proposed money market fund reforms would cost it about $37 million.