Reuters Money: Stern Advice: That retirement crisis? Not so bad, after all

	Click to View in Browser 12/4/2013 Stern Advice: That retirement crisis? Not so bad, after all NEW YORK (Reuters) - Don't look now, but some of the same folks who have been spreading fear about the woeful lack of retirement readiness among American workers have something new to say on the subject: a financial industry study that asserts that we're doing a lot better than we think. Exchange-traded fund strategists make hay on industry boom NEW YORK (Reuters) - As the $2.2 trillion exchange-traded fund industry grows at a rapid clip, a group of investment consultants who specialize in creating portfolios of the funds - so-called ETF strategists - are reaping high returns. UBS gives brokers higher expense accounts to lure the wealthy NEW YORK (Reuters) - UBS Wealth Management Americas unveiled its 2014 compensation plan on Tuesday, offering new expense accounts to brokers who produce annual revenue of at least $550,000 and eliminating broker pay for client households with less than $100,000 in their accounts. Exclusive: Wal-Mart keeps Bank of America to run $18 billion 401(k) plan NEW YORK (Reuters) - Wal-Mart Stores Inc is sticking with Bank of America's Merrill Lynch unit to run its 401(k) program with $18 billion in assets, Wal-Mart confirmed on Tuesday. Ackman's Pershing Square has double-digit gains on year BOSTON (Reuters) - Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year. SEC Chair White touts benefits of shareholder activism WASHINGTON (Reuters) - Corporate boards and management should engage with shareholders to help improve governance, the top U.S. securities regulator said Tuesday, laying out what she sees as some positive outcomes from increased investor activism. Supreme Court rules Texas billionaire owes tax shelter penalty WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday unanimously ruled that Texas billionaire Billy Joe "Red" McCombs must pay steep penalties to the Internal Revenue Service related to more than $45 million he tried to shield from taxes. Debunking myths about Americans' longevity gains CHICAGO (Reuters) - Americans are living longer. We hear that claim often from politicians worried about entitlement spending, policymakers urging us to postpone retirement - even insurance companies pitching annuities. Analysis: U.S. investors embrace European stocks as prospects improve NEW YORK (Reuters) - U.S. investors have become increasingly enthusiastic about buying stocks across the Atlantic, seeing the European Central Bank's commitment to a loose monetary policy as an invitation to bet on risk there despite a wobbly underlying economy. Global regulators expected to ease banking leverage rule: source LONDON (Reuters) - Global banking regulators are expected to ease a new capital rule due in 2018 to rein in risky balance sheets after U.S. complaints, two regulatory and banking sources said on Tuesday. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News EU Commission fines banks $2.3 billion for benchmark rigging Wall St. slips at open on Fed stimulus tapering concern The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend