Most Pre-Retirees Haven’t Calculated Income Needed in Retirement
November 17, 2011 (PLANSPONSOR.com) – A new Charles Schwab survey reveals that one-third of those who say they are just five years away from retirement have not even...
Administration
Policy at the State Level May Help Retirement Security
November 17, 2011 (PLANSPONSOR.com) - New research by the nonpartisan Employee Benefit Research Institute (EBRI) finds the residents of New Hampshire and Alaska rank at the top of...
Retirees with Financial Advisers More Financially Secure
November 16, 2011 (PLANSPONSOR.com) - American retirees are feeling more financially secure since 2009, but fewer have estimated how long their assets will last into retirement, according to...
BNY Mellon Employees File Lawsuit over Foreign Currency Trading
November 16, 2011 (PLANSPONSOR.com) – Two former Bank of New York Mellon employees have filed a lawsuit on behalf of participants in BNY Mellon's 401(k) savings plan and...
Plan Sponsors May Have False Security with TDFs
November 15, 2011 (PLANSPONSOR.com) – Defined contribution (DC) plan sponsors claim to have a higher level of confidence in their target-date-fund knowledge and offerings compared to a year...
JPMAM: Pension Plan De-Risking an Impossible Dream
November 11, 2011 (PLANSPONSOR.com) – According to new research released by J.P. Morgan Asset Management, more firms are seeking...
JPMAM Asks Plan Sponsors to Rethink Investment Menus
November 9, 2011 (PLANSPONSOR.com) - J.P. Morgan Asset Management wants defined contribution plan sponsors to rethink their plan investment menus, introducing a strategy it calls Core Menu Innovation (CMI).
PwC Reveals Changes in Pension & OPEB Accounting Policies
November 9, 2011 (PLANSPONSOR.com) - During a Webcast by PwC, Ken Stoler, Partner at PwC–New York, revealed changes taking...
Foundations and Endowments Hit Hardest by Q3 Market Decline
November 8, 2011 (PLANSPONSOR.com) - Among institutional asset owners, not a single category reported positive median returns during the...
Transfers into Fixed Income Investments Remain Steady
November 8, 2011 (PLANSPONSOR.com) - Aon Hewitt’s October 401(k) Index found that despite the recent market rally, 401(k) participants transferred assets from equities into fixed income investments for...
Philadelphia Orchestra Asks Court to Stop Pension Fund from Harassing Donors
November 8, 2011 (PLANSPONSOR.com) – The Philadelphia Orchestra Association filed a motion last week asking the court to stop the American Federation of Musicians Employers Pension Fund from...
Endowments Improving, Though not Fully Recovered
November 7, 2011 (PLANSPONSOR.com) – Higher education endowments earned returns averaging 19.8% in fiscal year 2011.
Survey Finds Most Investors Understand Target-Date Funds
November 7, 2011 (PLANSPONSOR.com) - Understanding of target-date funds (TDFs) is high, according to research from AllianceBernstein.
Investment Gains Fuel Pension Funded Status Improvement in October
November 7, 2011 (PLANSPONSOR.com) – In October, Milliman, Inc.’s Pension Funding Index results show a $44 billion investment gain...
Funded Status of U.S. Pensions Rises to 74.8% in October
November 4, 2011 (PLANSPONSOR.com) - Strong asset returns and no change in liabilities in October drove a 4.7 percentage-point increase in the funded status of the typical U.S....
NY Mets Owners Settle 401(k) Lawsuit
November 3, 2011 (PLANSPONSOR.com) – A firm run by owners of the New York Mets baseball team agreed in...
U.S. in Worse Fiscal Shape than Other Developed Countries
November 3, 2011 (PLANSPONSOR.com) – The U.S. is in worse fiscal shape than any other developed country, including Greece, according to Larry Kotlikoff, Professor of Economics at Boston...
Americans Overwhelmed About Retirement Planning
November 2, 2011 (PLANSPONSOR.com) – Results from a national survey found that regardless of age or gender, a significant...
Former NM Pension Chairman Sues over Placement Agent Scandal
November 2, 2011 (PLANSPONSOR.com) - A former New Mexico pension fund official is suing financial firms, an ex-state investment officer, and dozens of others for damages because of...
NC to Use Analytics Software to Manage Risk
October 31, 2011 (PLANSPONSOR.com) – North Carolina’s Department of State Treasurer announced the state will implement customized analytics software to better protect the pensions of state and local...