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The funds will stop accepting new money and existing investors can sell their shares or be paid by KKR when it liquidates the pools.

An examination by the Securities and Exchange Commission found that pension fund consultants and other advisors were lax in vetting alternative investments.

Followers of Ben Graham might have no idea what Im talking about.

Were the original deal and subsequent negotiations conducted according to the rules? Were they fair?

American workers lack of retirement readiness has been dropped on the doorstep of the defined contribution market and its been pointed out again and again that 401(k) plans dont offer the same benefits that came with defined benefit pension plans.

Advisors can expect a promise from the SEC of more advisor exams this year.

Workers are clinging to their jobs as prospects fade for higher-paying employment. Households are socking away more money and charging less on credit cards. And young adults are living with their parents longer rather than venturing out on their own.

As defined benefit plans continue to disappear, more American workers are relying on defined contribution plans, such as 401(k)s, to save for retirement.