Pension Plan Funding Ratio Inches up in March
April 5, 2011 (PLANSPONSOR.com) - The funded status of the typical U.S. corporate pension plan in March inched up 0.5 percentage points to 88.5%, monthly statistics published by...
Administration
AIG Stock Drop Claims Survive Dismissal Attempt
April 4, 2011 (PLANSPONSOR.com) – American International Group (AIG) must face some claims by current and former employees that it invested their retirement funds too heavily in company...
GASB Said to be Close on Pension Funding Disclosure Mandate
April 4, 2011 (PLANSPONSOR.com) – An official of the Governmental Accounting Standards Board (GASB) told a recent municipal analysts' meeting the board will soon propose increased disclosure of...
Regulators Propose ABS Credit Risk Retention Rule
April 1, 2011 (PLANSPONSOR.com) – Six federal agencies are seeking public comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least...
Delphi Buys Out GM, PBGC Interests
March 31, 2011 (PLANSPONSOR.com) - Delphi Automotive LLP has purchased the Class A interests owned by General Motors Company (GM) for $3.8 billion and the...
SEC Proposes Listing Standards for Compensation Committees
March 30, 2011 (PLANSPONSOR.com) - The Securities and Exchange Commission is proposing rules directing the national securities exchanges to adopt certain listing standards related to the compensation committee...
Regulators Release RFI on Incentive Compensation Proposal
March 30, 2011 (PLANSPONSOR.com) – Federal financial regulatory agencies are requesting public comment on a joint proposed rule designed to ensure that regulated financial institutions design their incentive...
Lehman Bankruptcy Creditor Group Suggests New Reorg Plan
March 30, 2011 (PLANSPONSOR.com) – A Lehman Brothers bankruptcy court creditors group that includes the California Public Employees Retirement System (CalPERS) has asked that its reorganization plan proposal...
Gift Basket Retailer Asks to Dump Pensions
March 30, 2011 (PLANSPONSOR.com) – Gift basket retailer Harry & David, in its filing for bankruptcy, has asked for court approval to shed its pension plans.
Poll Shows International Investing Strength
March 29, 2011 (PLANSPONSOR.com) – A new Franklin Templeton poll found half of respondents plan investments outside their home country this year with 62% of respondents planning to...
Record Employer Contributions Lead to Pension Funding Improvement
March 29, 2011 (PLANSPONSOR.com) - The Milliman 100 companies contributed a record $59.4 billion to their defined benefit pension plans in 2010, producing an improvement in funded status...
Strong Stewardship Practices Lead to Fund Success
March 28, 2011 (PLANSPONSOR.com) – Morningstar’s 2011 Mutual Fund Stewardship Grade research study concluded that funds with high Stewardship Grades are very likely to survive in the long-term...
Is BlackRock Really a Bank?
March 28, 2011 (PLANSPONSOR.com) – Republicans in the New York state Senate have put forward a proposal to reclassify BlackRock for tax purposes and allow the financial services giant...
PA System Wants Expedited Review of Pittsburgh Plan’s Funding
March 28, 2011 (PLANSPONSOR.com) – Under state law, the Pennsylvania Municipal Retirement System will take over municipal retirement systems with less than 50% of the assets needed to...
TN County Wrestling with $28M for Two Closed Plans
March 28, 2011 (PLANSPONSOR.com) – Knox County, Tennessee, has $28.3 million in unfunded pension liabilities for two closed defined benefit plans – even with a $15.75 million pension...
Pension Funds to Lead Lawsuit against Goldman Sachs
March 28, 2011 (PLANSPONSOR.com) - A federal judge named three pension funds as co-lead plaintiffs in an investor lawsuit against Goldman Sachs Group Inc.
New Regs May Warrant Reconsidering Cash Balance
March 25, 2011 (PLANSPONSOR.com) – The adoption of new cash balance plans had slowed to a trickle since the passage of the Pension Protection Act of 2006 (PPA’06)...
ICI: 2010 Fund Fees Declined
March 25, 2011 (PLANSPONSOR.com) – Average fees and expenses incurred by investors in long-term mutual funds declined in 2010, according to a new study.
NJ Moving Forward with Taking Alternatives Position
March 25, 2011 (PLANSPONSOR.com) – The New Jersey State Investment Council has approved moving forward with an asset allocation plan that would put up to 38% of the...
Investment Industry Roles to Change from Dodd-Frank
March 24, 2011 (PLANSPONSOR.com) - Financial Research Corporation (FRC) foresees significant changes in the core roles, responsibilities, and services provided by brokers, advisers, asset managers, and others in...