Legal

PBGC director Josh Gotbaum addressed the agency's $26 billion coverage gap, asking for changes to set premiums based on the risk of the insured.

Medicare Advantage premiums have fallen by 7 percent, on average, while enrollment in the program has risen by about 10 percent since this time last year, according to Health & Human Services Secretary Kathleen Sebelius.

In the wake of American Airlines' announcement that it plans to terminate its pension plans as part of its bankruptcy reorganization, the Pension Benefit Guaranty Corporation has reiterated the company should reconsider the move.

Plan sponsors will now have until July 1 to meet the much-discussed regulations on 401(k) fee disclosure, following Department of Labor announcements Thursday on the final rulings.

The Los Angeles city attorney has sued a major financial institution, alleging its investment practices cost the city's pension fund $95 million.

Don't get caught serving two masters. Dr. Ron Rhoades, recently named fiduciary of the year, warns against revenue sharing and 12b-1 fees.