Institutions Changed Domestic Equity Trading Practices
June 21, 2011 (PLANSPONSOR.com) - U.S. institutions made two notable changes to their domestic equity trading practices last year, according to Greenwich Associates.
Administration
Americans Unprepared for Financial Emergencies
June 20, 2011 (PLANSPONSOR.com) - A study by Bankrate.com found that only 24% of Americans have a six-month emergency savings cushion, and 24% have no emergency savings whatsoever.
Retirement Ranks High among Financial Goals
June 20, 2011 (PLANSPONSOR.com) - According to a national study just released by Northwestern Mutual, when asked what areas people set goals in, financial goals come out on...
SEC Provides Guidance on Swaps Requirements
June 17, 2011 (PLANSPONSOR.com) - The Securities and Exchange Commission has provided guidance on the timing of new requirements imposed on security-based swaps under the...
Sentinel Partners with Crow Point as Subadviser
June 17, 2011 (PLANSPONSOR.com) - In a recent press release, Sentinel Investments announced that Crow Point Partners, LLC, will subadvise the firm’s Sentinel Mid Cap Value Fund (SYVAX,...
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows
June 15, 2011 (PLANSPONSOR.com) - Morningstar, Inc., has reported the estimated U.S. mutual fund and exchange-traded fund asset flows through May 2011.
S&P 1500 Pension Health Improves in 2010
June 14, 2011(PLANSPONSOR.com) - According to a new analysis from Mercer, although the financial health of defined benefit (DB) plans continued to improve in 2010, defined contribution (DC)...
Rhode Island Unfunded Pension Liability Rises
June 10, 2011(PLANSPONSOR.com) - According to a recent press release, the state’s unfunded pension liability rose slightly this week as state consultants recalculated the pension tab for judges...
Actuaries Botch CT Town’s OPEB Calculations
June 9, 2011 (PLANSPONSOR.com) – Westport, Connecticut's obligations for retired employee benefits could be several million dollars higher than previously documented, actuaries told the Board of Finance.
Morningstar to Introduce New Forward-Looking Ratings
June 9, 2011 (PLANSPONSOR.com) - Morningstar, Inc. has announced plans to introduce forward-looking, analyst-driven global fund ratings and a uniform approach for global fund research reports.
FASB Changes Position on Multiemployer Plan Disclosures
June 8, 2011 (PLANSPONSOR.com) - At its May 31, 2011 meeting, the Financial Accounting Standards Board (FASB) tentatively decided not to require employers that contribute to multiemployer plans...
FaithShares Shutters Four Faith-Based ETFs
June 8, 2011 (PLANSPONSOR.com) - IndexUniverse.com reports that Tulsa, Oklahoma-based exchange-traded fund (ETF) firm FaithShares has shuttered four of its...
Pension Funding Falls as Interest Rates Drop
June 8, 2011 (PLANSPONSOR.com) - The funded status of the 100 largest corporate defined benefit pension plans worsened by $26 billion during May 2011, as measured by the...
California Pension Fund Sues Wilshire
June 7, 2011 (PLANSPONSOR.com) - The $2.7 billion Kern County Employees' Retirement Association (KCERA) has sued Wilshire Associates for a loss of about $4 million...
U.S. Pension Plans Experience Funded Status Setback in May
June 7, 2011 (PLANSPONSOR.com) - New figures from Mercer show that the aggregate deficit in pension plans sponsored by S&P 1500 companies corresponds to an aggregate funded ratio...
Managers’ Insurance Assets Reach Record Level
June 3, 2011 (PLANSPONSOR.com) - Insurance company assets managed by third-party U.S. investment firms rose to a record $1.75 trillion at the end of 2010, according to the...
Report Presents Positive Future for NYC Pension
June 3, 2011 (PLANSPONSOR.com) – A study on the sustainability of the New York City Pension System indicates a reduction in costs if all current laws relating to...
CA City Allowed to Reduce Payment for Old Pension
June 3, 2011 (PLANSPONSOR.com) - Leaders of Contra Costa's largest pension system have agreed to allow the city of Pittsburg to delay part of a $2 million payment...
Penion Funded Status Ends Upward Trend
June 3, 2011 (PLANSPONSOR.com) - In May, the funded status of the typical U.S. corporate pension plan fell 2.3 percentage points to 86.9%, marking the end of an...
Plan Sponsors Taking Their Time with Transitions
May 31, 2011 (PLANSPONSOR.com) - Institutional investors are taking far longer to change investment managers or asset allocations than they did before the 2008 financial crisis, according to...