Corporate Finance

To stop the "leakage" of retirement cash-outs when employees switch jobs, the DOL proposes new rules aimed at expanding auto-portability transactions.

These new SECURE 2.0 pension-linked accounts can have auto-enrollment but must give employees the chance to opt out.

A House Committee alleges the PBGC allowed over $127 million to flow to deceased pension-plan participants; the PBGC asserts funds were not "improperly" paid.

Assessing ESG characteristics and their place in cash investing may require treasury professionals to do some extra homework.

So far in January, investors have bid about €1.04 trillion (US$1.13 trillion).

The conglomerate announced its plan to halt pensions for non-union workers shortly after IBM's announcement that it will resurrect defined-benefit plans.

Meanwhile, green bonds, whose proceeds can be used only for specific projects, had their second-busiest year ever.

The lawsuit alleges that CFO John Rex interfered, for "commercial" reasons, with a decision by the company's investment committee to drop a set of target-date funds.