MARKETS -
January 27, 2012
Putnam Officials Optimistic about U.S. Economy
January 27, 2012 (PLANSPONSOR.com) - At a recent Putnam Investments media
briefing, company officials said they predict the U.S. economy could surprise
on the upside in 2012.
HR/BENEFITS -
January 27, 2012
AMR Retirees Ask to Participate in Bankruptcy Case
January 27, 2012 (PLANSPONSOR.com) - A group of non-union AMR retirees asked a federal bankruptcy judge to let them participate in the bankruptcy case of AMR, American Airlines and other AMR subsidiaries.
FINANCE -
January 27, 2012
Panel Recommends Change to Actuarial Measures for CPP
January 27, 2012 (PLANSPONSOR.com) – A study found the actuarial obligations of the Canada Pension Plan (CPP) should be measured by using an approach that reflects the partially funded nature of the Plan.
FINANCE -
January 27, 2012
Pension Accounting Changes Negatively Affecting Earnings Statements
January 27, 2012 (PLANSPONSOR.com) – As companies issue their earning statements for 2011, many are reporting a charge due to pension accounting changes.
PRODUCTS -
January 27, 2012
FIA Opens Boston Office
January 27, 2012 (PLANSPONSOR.com) - Fiduciary Investment
Advisors opened a Boston office at 112 Water St.
PEOPLE -
January 27, 2012
Cohen & Grigsby Appoints Director of ERISA and Employee Benefits Group
January 27, 2012 (PLANSPONSOR.com) - Cohen & Grigsby, a business law firm, appointed Martha Jo ("Marty") Wagner as a director in the firm's ERISA and Employee Benefits and ERISA Litigation Groups.
FINANCE -
January 27, 2012
Boomer Retirements Likely to Boost IRA Share of Retirement Market
January 27, 2012 (PLANSPONSOR.com) - Total asset levels in the U.S. retirement market have grown 9.6% from 2009 to 2010, totaling $15.8 trillion as of end of year 2010.
HR/BENEFITS -
January 27, 2012
Bill Would Allow Alaska Public Employees to Switch to DB
January 27, 2012 (PLANSPONSOR.com) – A bill that will allow Alaska public employees to choose between a 401(k)-like retirement account or a traditional pension is being considered in the state legislature.
PEOPLE -
January 26, 2012
FRC Announces New Practice Leaders
January 26, 2012 (PLANSPONSOR.com) - Following the recent acquisition by Asset International, Financial Research Corporation (FRC) has a new focus on research priorities.
HR/BENEFITS -
January 26, 2012
La. Governor Proposes Pension Overhaul
January 26, 2012 (PLANSPONSOR.com) – Louisiana Governor Bobby Jindal put forth a proposal for a sweeping overhaul of state retirement systems.
RULES/REGS -
January 26, 2012
ERISA Claim Based on Wal-Mart Gender Discrimination Dismissed
January 26, 2012 (PLANSPONSOR.com) – A federal court dismissed a claim that Wal-Mart Stores breached its fiduciary duties in underpaying retirement plan contributions based on wages that were discriminatory against women.
PEOPLE -
January 26, 2012
Great-West Hires Regional Sales Director for Nebraska
January 26, 2012 (PLANSPONSOR.com) - Great-West Retirement Services appointed Jay Killgore as regional sales director for Nebraska.
RULES/REGS -
January 26, 2012
Court Finds No Proof of Benefits Interference by Duke Energy
January 26, 2012 (PLANSPONSOR.com) – The 6th U.S. Circuit Court of Appeals has found no proof that Duke Energy interfered with the early retirement benefits of a laid off employee.
PEOPLE -
January 26, 2012
Great-West Appoints AVP, Marketing Strategy
January 26, 2012 (PLANSPONSOR.com) - Great-West Life & Annuity Insurance Company appointed Sid Kotwal as assistant vice president, marketing strategy.
PEOPLE -
January 26, 2012
Newport Group Appoints Regional Directors
January 26, 2012 (PLANSPONSOR.com) - The Newport Group appointed Monica Elvira and William Callaway as regional directors.
HR/BENEFITS -
January 26, 2012
One Third of 40-Something Canadians Have Yet to Open an RRSP
January 26, 2012 (PLANSPONSOR.com) - One third of Canadians in their 40s (32%) admit they haven't yet opened a registered retirement savings plan (RRSP) even though they realize they should.
PEOPLE -
January 27, 2012
TIAA-CREF Names Chief Operating Officer
January 27, 2012 (PLANSPONSOR.com) - TIAA-CREF has appointed Ronald Pressman as executive vice president and chief operating officer.
HR/BENEFITS -
January 26, 2012
#1 Financial Goal for North Americans Is Saving for Retirement
January 26, 2012 (PLANSPONSOR.com) - Research indicates that Canadians and Americans share many similarities despite differences in investment climate, tax regulations and social infrastructure.
FINANCE -
January 26, 2012
Ill. Higher Ed. Spending Will Go to Pensions
January 26, 2012 (PLANSPONSOR.com) – The 12% increase Illinois received in higher education spending this year will be used to reduce the state's pension deficit.
HR/BENEFITS -
January 25, 2012
Retirement Plan Participants Want Simple Guidance
January 25, 2012 (PLANSPONSOR.com) – Retirement plan participants are in need of direct, simple guidance to help them reach their retirement goals, according to State Street Global Advisors (SSgA) Defined Contribution (DC) Investor survey.