JPMorgan Sues American Century
September 22, 2011 (PLANSPONSOR.com) - JPMorgan Chase & Co. has sued American Century, claiming it wasn’t informed about an $848 million optioned share sale to...
Administration
Nonprofits Increase Diversification to Manage Market Volatility
September 22, 2011 (PLANSPONSOR.com) - An SEI Quick Poll reveals nonprofits are continuing to add new asset classes to...
Annuities Can Help Wary Investors Stay in the Game
A Prudential survey of near and recent retirees found guaranteed products will help persuade wary investors to stay in the stock market, even during times of volatility.
Missouri City Pension Fund Has $118M Shortfall
Four pension plans in Columbia, Missouri owe nearly $118 million more in benefits than they are bringing in from...
South Korea Individual Pension Market to Reach 82 Trillion Won
September 19, 2011 (PLANSPONSOR.com) - South Korea's new individual retirement pension market will likely reach 82 trillion won (US$72.4 billion) in 2030, an industry report says.
Pittsburgh Pensions Avoid State Takeover
September 19, 2011 (PLANSPONSOR.com) – The city of Pittsburgh, Pennsylvania, has met the legal threshold of funding its pension systems, averting a takeover by the state.
CO Treasurer to Sue for Pension Information
September 19, 2011 (PLANSPONSOR.com) – Colorado State Treasurer Walker Stapleton is filing a lawsuit against the board of the Colorado Public Employees’ Retirement Association (PERA) because the fund...
Ohio Fund Saves with Internal Managers
September 16, 2011 (PLANSPONSOR.com) – An analysis has found that the State Teachers Retirement System (STRS) of Ohio saved $94 million in 2010 by managing about 80% of...
Philly City Council Overrides Mayor’s Veto of DROP Bill
September 16, 2011 (PLANSPONSOR.com) – The Philadelphia City Council unanimously voted to override Mayor Michael Nutter’s veto of a bill that would preserve the controversial Deferred Retirement Option...
Asset Managers Not Supporting Needs of Distributors
September 16, 2011 (PLANSPONSOR.com) - Distributors are changing the way they do business, leading them to seek creative, new alternatives from asset managers.
SC Officials in Battle over Pension Fraud Monitoring Proposal
September 16, 2011 (PLANSPONSOR.com) - The panel in charge of South Carolina's pension investments has rebuffed the state attorney general's plan to use law firms to monitor for...
MA Senate Approves Bill to Cut Benefits For Future State Workers
September 16, 2011 (PLANSPONSOR.com) – The Massachusetts Senate passed legislation to make public employees work longer for less benefits, in an effort to help shrink an estimated $20...
Demand for Sub-Advised Mutual Funds to Improve
September 16, 2011 (PLANSPONSOR.com) - In spite of market volatility, demand for sub-advised mutual funds is expected to improve and assets are forecast to reach $2.2 trillion by...
Australian Retirement Income Funds Continue Strong Growth
September 16, 2011 (PLANSPONSOR.com) - Retirement Income funds under management in Australia continued to grow strongly up by a further 10.2% over the past year, according to Plan...
Advisers Say Most Valuable Service is Helping Clients Maintain Perspective About Retirement
September 15, 2011 (PLANSPONSOR.com) - According to Russell Investments’ latest Financial Professional Outlook (FPO), a quarterly survey of U.S. financial advisers, more than half...
CalPERS Board Adopts Governance Reforms
September 14, 2011 (PLANSPONSOR.com) - The California Public Employees’ Retirement System (CalPERS) Board of Administration adopted 10 sweeping governance...
New Report Highlights Lessons for Negotiating Public Pension Plan Reforms
September 14, 2011 (PLANSPONSOR.com) – A new report from the Center for State and Local Government Excellence offers lessons...
IRS Issues Guidance on Tax Treatment of Cell Phones; Provides Small Business Recordkeeping Relief
September 14, 2011 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) issued guidance designed to clarify the tax treatment of...
ESOP Companies Report Positive 2010 Even Amid Slow Economic Recovery
September 14, 2011 (PLANSPONSOR.com) – Results from the Employee Ownership Foundation’s 20th Annual Economic Performance Survey of Employee Stock Ownership Plan (ESOP) companies that are members of the...
Survey Shows Institutional Trades Around the World Concerned by High Frequency Trading
September 13, 2011 (PLANSPONSOR.com) - More than two-thirds of traders at leading asset management firms around the world are...