Margaret Collins


Margaret Collins News

  • Fidelity Reaps Rewards as Banks Lose Bond Muscle: Credit Markets

    Paul Volcker hasn’t endeared himself to Wall Street bond dealers. That’s just fine with Fidelity Investments.

  • JPMorgan Sells 401(k) Recordkeeping to Great-West Lifeco

    JPMorgan Chase & Co., the largest U.S. lender, agreed to sell its large-market 401(k) recordkeeping business to a division of Canadian life insurer Great-West Lifeco Inc. Terms of the transaction weren’t disclosed.

  • Massachusetts Surveys Investment Firms on High-Frequency Trading

    Massachusetts’ chief securities regulator is surveying more than 1,000 investment advisers in the state about high-frequency trading as scrutiny of the strategy increases.

  • Novant Suit Highlights Finance Firms’ Steep Plan Fees

    Novant Health Inc. employees are suing the nonprofit hospital system for allegedly overcharging them in their retirement accounts by millions of dollars, according to a complaint filed today that highlights how workers’ savings are eroded by high fees to financial firms.

  • You Can Thank or Blame Richard Stanger for Writing 401(k)

    We’ve been looking for someone who was involved in actually writing section 401(k) of the U.S. tax code more than 35 years ago, read the e-mail to Richard Stanger. “Yes, that’s me,” he wrote back.

  • A Push for ETFs in 401(k) Plans

    While individual investors embrace exchange-traded funds, most 401(k)s savings plans give them the cold shoulder. Neil Plein, vice president of Portland (Ore.)-based Invest n Retire LLC, is on a mission to change that. Invest n Retire was awarded a patent last November for technology it developed to offer and trade ETFs in retirement plans. Bloomberg News's Margaret Collins spoke with Plein about the appeal of ETFs in 401(k)s. What follows is an edited transcript of their conversation.

  • Puerto Rico Is Outlier for Wealthy Fleeing Tax Hit: Muni Credit

    Financial advisers to some of the wealthiest Americans see struggling Puerto Rico as an outlier in the $3.7 trillion local-debt market, leading them to add municipal bonds as the steepest federal tax rates in more than a decade loom.

  • Soros Adds to Financial Holdings With JPMorgan, Citigroup Stakes

    George Soros’s Soros Fund Management LLC acquired stakes in JPMorgan Chase & Co. and Citigroup Inc. as the billionaire’s family office increased its holdings of financial firms.

  • Companies Squeeze 401K Plans From Facebook to JPMorgan

    Employers are squeezing their workers’ retirement savings, holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules. Taken together, these measures are making it more difficult to save for old age.

  • KKR to Close Two Funds for Individuals in Retail Setback

    KKR & Co., the buyout firm run by George Roberts and Henry Kravis, will close down two funds targeting individual investors in a setback to private-equity firms’ efforts to attract money from individuals and eventually the $4 trillion market for 401(k) retirement plans.

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