Britain proposes fee cap on cashing in pension pots

An elderly couple sits on deck chairs on a cool afternoon on Brighton BeachCharges on Britons cashing in their pension early will be capped at 1 percent of the pot's value from March 2017, the Financial Conduct Authority proposed on Thursday. The FCA also announced that insurers will not be able to apply any early exit charge for personal pension contracts entered into after the proposed new rules come into force. Britain has introduced so-called "pension freedom" reforms in a bid to give people aged 55 years or over more choice in providing for their retirement, but high exit fees have put off some people.



Steven Spielberg to address grads at Harvard commencement

FILE - In this Oct. 3, 2013 file photo, filmmaker Steven Spielberg poses at the Museum of Natural History before the Ambassadors For Humanity Gala in New York. Spielberg is scheduled to deliver the commencement speech at Harvard University. The three-time Academy Award winner will address graduates at a ceremony Thursday afternoon, May 26, 2016. (Photo by Evan Agostini/Invision/AP, File)CAMBRIDGE, Mass. (AP) — Filmmaker Steven Spielberg is scheduled to deliver the commencement speech at Harvard University.



Report: 46 states made prison-related reforms in 2014-15

NEW YORK (AP) — A new analysis has found that nearly every state made prison-related reforms in 2014 and 2015.
Funeral services set for officer shot during traffic stop

CHARLTON, Mass. (AP) — A Massachusetts community is paying its final respects to a police officer who was fatally shot during a traffic stop.
Sharks head to 1st Cup final after 5-2 win over Blues

San Jose Sharks players celebrate after beating the St. Louis Blues in Game 6 of the NHL hockey Stanley Cup Western Conference finals in San Jose, Calif., Wednesday, May 25, 2016. The Sharks won 5-2. (AP Photo/Jeff Chiu)SAN JOSE, Calif. (AP) — Two years after their most devastating playoff loss, the San Jose Sharks held their most meaningful celebration.





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