The increase in contribution rates over the past few years has resulted in billions of dollars in additional retirement savings.
Mr. Clayton, a partner at Sullivan & Cromwell, has represented firms including Goldman Sachs Group Inc., Och-Ziff Capital Management Group and Oaktree Capital Group.
But there are easier ways to give to charity that still afford donors a lot of control.
Ms. Yang would be the second consecutive former federal prosecutor to lead the regulator, and, like current chairwoman Mary Jo White, would likely focus more on enforcement than policy making.
Economist and Nobel laureate Robert Shiller thinks this could be a pivotal moment for the U.S. housing market.
Pacific Investment Management Co. turns to outsider Manny Roman, who revived Man Group, the world's largest hedge fund.
While many parents are leery of asking their children for help with their finances, most adult children surveyed said they actually wanted to help.
Unless a lot more people open accounts, the program's impact on America's retirement savings shortfall will remain a rounding error.
New research finds a lump sum of $60,000 can make a big difference.
The pair are accused of artificially moving prices of lightly traded stocks, via 23,000 trades over a two-year period. <b><i>(More: <a href="//www.investmentnews.com/article/20161011/FREE/161019981/sec-sets-record-in-enforcement-actions-against-investment-advisers" target=""_blank"" rel="noopener noreferrer"> SEC sets record in enforcement actions against investment advisers </a>)</i></b>
