Institutional Investors Looking for Stability in Asset Managers
March 23, 2011 (PLANSPONSOR.com) - According to Cogent Research, gaining assets from institutional investors is no longer a performance-only game.
Administration
CFOs Cite Time Management as Biggest Work Challenge
March 22, 2011 (PLANSPONSOR.com) - According to a new Robert Half Management Resources survey, more than one-third (38%) of chief financial officers interviewed cited time management due to...
Sun Trust Served with 401(k) Suit
March 21, 2011 (PLANSPONSOR,com) – A retiree has sued Sun Trust Banks, alleging that it favored investment plans operated by SunTrust or its subsidiaries that...
Lawsuit Filed over Wrongdoing in CalPERS Pharmacy Contract
March 18, 2011 (PLANSPONSOR.com) - A new lawsuit claims California state workers and others were forced to pay higher charges for prescription medicines as a result of alleged...
CalPERS Board Approves 7.75% Discount Rate
March 17, 2011 (PLANSPONSOR.com) - The board of the California Public Employees’ Retirement System on Wednesday voted to maintain its 7.75% discount rate.
San Diego Fund Beats its Benchmark
March 17, 2011 (PLANSPONSOR.com) – The portfolio of the San Diego County Employees Retirement Association (SDCERA) for the 2010 Calendar year outpaced its benchmark by 1.17%, generating a...
CalPERS Keeps Discount Rate Steady
March 15, 2011 (PLANSPONSOR.com) – The Benefits and Program Administration Committee of the California Public Employees’ Retirement System (CalPERS) Board of Administration has recommended the fund keep its...
CalPERS Announces New Asset Allocation for OPEB Funding
March 15, 2011 (PLANSPONSOR.com) - The Investment Committee of the California Public Employees’ Retirement System (CalPERS) has approved a new asset allocation model for the California Employers’ Retiree...
“Special Review” Outlines Private Placement Problems at CalPERS
March 15, 2011 (PLANSPONSOR.com) – The nation’s largest public pension plan has published the results of an investigation of practices at the fund, both by...
Retirement Income a Higher Priority for Financial Services Firms
March 15, 2011 (PLANSPONSOR.com) - New research from Hearts & Wallets, LLC finds three quarters of resources of financial services firms, including budget and management attention, is devoted...
How Much Does It Take for a Millionaire to Feel Wealthy?
March 14, 2011 (PLANSPONSOR.com) – Fidelity Investments fourth Millionaire Outlook survey reveals 42% of millionaires still do not feel wealthy, compared to 46% who said they didn’t feel...
CA Controller Urges Pre-Funding of OPEB Obligations
March 14, 2011 (PLANSPONSOR.com) – California State Controller John Chiang unveiled a new actuarial report that shows California faces a $59.9 billion bill to pay for health and...
Illinois TRS Receives Full Contribution from State
March 14, 2011 (PLANSPONSOR.com) – The Illinois Teachers’ Retirement System has received its full statutory contribution from state government for fiscal year 2011.
401(k) Sales Show Decrease in Number of Plans, Increase in Assets
March 14, 2011 (PLANSPONSOR.com) – LIMRA’s 401(k) Scorecard for Q4 2010 shows sales had both positive and negative results.
DB Returns Beat DC Returns through 2008
March 9, 2011 (PLANSPONSOR.com) - In 2008, defined benefit plans outperformed defined contribution plans by roughly 2.7 percentage points, with aggregate returns negative for both plan types, according...
Millionaires Hung Up on Quick Callbacks
March 8, 2011 (PLANSPONSOR.com) - When you have a lot of money, you expect a quick response from your financial adviser, according...
Consultants Expect ‘New Normal’ Economy
March 7, 2011 (PLANSPONSOR.com) – Investment consultants, expecting lower capital market returns and more volatility, support broader asset diversification and custom target-date strategies for defined contribution plans.
Pension Funding Slowly Recovering
March 7, 2011 (PLANSPONSOR.com) – Wilshire Consulting’s 2011 Report on State Retirement Systems shows a slight uptick in funded status of state pension systems.
SEC Proposes Ban on Incentives that Encourage Risk
March 7, 2011 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) has proposed a rule mandating that certain financial institutions keep away from compensation arrangements encouraging inappropriate risk...
Pension Funding Continued Upward in February
March 4, 2011 (PLANSPONSOR.com) – U.S. corporate pension plans in February continued to benefit from the global stock market rally, as the funded status of the typical corporate...