Ameriprise Facing Revenue-Sharing Lawsuit
September 29, 2011 (PLANSPONSOR.com) – Members of Ameriprise Financial Inc.’s 401(k) plan filed a proposed class action on Wednesday...
Administration
Public Pensions See Assets Grow in Second Quarter
September 29, 2011 (PLANSPONSOR.com) – U.S. public pension fund assets grew 17.6% in the second quarter from a year earlier, reports Bloomberg.
Investment Managers Say U.S. Economy not Entering Double-Dip Recession
September 29, 2011 (PLANSPONSOR.com) - More than three quarters (79%) of investment managers surveyed in the latest Russell Investments Investment Manager Outlook (IMO) survey say they do not...
Advisers to Boost Retirement Income Offerings
September 28, 2011 (PLANSPONSOR.com) - A significant number of financial professionals plan to ramp up their retirement income-planning practices over the next few years, according to a study...
NYC Retirement Fund Raising Allocation to Private Equity
September 28, 2011 (PLANSPONSOR.com) – New York City's employees’ pension fund is increasing its allocation to private equity to 6.5% from 4% and using fewer firms in pursuit...
Study Finds Increase in Investors Who Use Technology
September 28, 2011 (PLANSPONSOR.com) - A new Hearts & Wallets quantitative study of more than 4,400 U.S. investor households shows a year-over-year increase in investors who use technology...
Study Examines 2011 Say on Pay
September 27, 2011 (PLANSPONSOR.com) – The Council of Institutional Investors has released a report by Farient Advisors analyzing investor motivations to vote against “say on pay” at companies...
SEC Charges RBC over Sale of Unsuitable CDO Investments
September 27, 2011 (PLANSPONSOR.com) - The Securities and Exchange Commission charged RBC Capital Markets LLC for misconduct in the sale of unsuitable investments to five Wisconsin school districts...
Another Suit against Rating Agencies Dismissed
September 27, 2011 (PLANSPONSOR.com) - Standard & Poor’s, Moody’s Corp., and Fitch Inc. won dismissal of a lawsuit alleging their ratings of mortgage-backed securities were faulty and caused five Ohio...
Russell Paper Outlines Volatility-Responsive Asset Allocation
September 27, 2011 (PLANSPONSOR.com) - Russell Investments’ latest research for institutional investors, entitled “Volatility-Responsive Asset Allocation,” explores the possibility of a dynamic asset allocation policy that varies as...
Report Projects Growth in Retirement Plans Offering SRI Options
September 27, 2011 (PLANSPONSOR.com) - The number of defined contribution (DC) retirement plans in the U.S. offering a sustainable and responsible investing (SRI) choice could double in the...
Goldman Sachs Wins Dismissal of Shareholder Lawsuits
September 26, 2011 (PLANSPONSOR.com) – Goldman Sachs won dismissal of lawsuits brought by shareholders who claimed executive bonuses were “a waste of assets”.
Survey Gives Insider Look at Thoughts from Public Company Directors
September 26, 2011 (PLANSPONSOR.com) - According to a new survey by the Corporate Governance Practice of BDO USA, LLP, most corporate directors at public companies understand that they...
Pension Risk Transfer Index Increases in September
September 26, 2011 (PLANSPONSOR.com) - The Dietrich Pension Risk Transfer Index, which tracks the relative attractiveness of annuitizing pension liabilities, rose to 91.78 for September, from its month...
Fitch: Pension, Accounting, Tax & Regulatory Issues Unlikely to Affect U.S. Media Credit Quality
September 26, 2011 (PLANSPONSOR.com) - According to Fitch Ratings' annual “Credit Encyclo-Media” report, credit quality for the U.S. media sector is not likely to be affected in the...
RBC Makes DC Shift
September 26, 2011 (PLANSPONSOR.com) - The Royal Bank of Canada has announced plans to shift to a defined contribution pension plan for new hires as...
Study Suggests “Help” Matters Even More in Volatile Markets
September 26, 2011 (PLANSPONSOR.com) - According to a new report from Aon Hewitt and Financial Engines, 401(k) participants who use employer-provided investment help outperform those...
FASB Issues New Multiemployer Plan Disclosures
September 23, 2011 (PLANSPONSOR.com) – The Financial Accounting Standards Board (FASB) has issued new disclosure rules regarding employer participation in a multiemployer plan.
ERIC Pushes Back on PBGC Premium Proposal
September 23, 2011 (PLANSPONSOR.com) – An employer industry trade group has pushed back on a proposal that could result in higher pension premiums for employers.
SEC Charges Quant Manager With Fraud
September 22, 2011 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has charged the co-founder of institutional money manager AXA Rosenberg with securities fraud.