Fidelity Charitable Gift Fund Reports Record Year
January 14, 2011 (PLANSPONSOR.com) - The Fidelity Charitable Gift Fund reported that its donors supported charities in record numbers in 2010.
Administration
Pension Funding Gaps Narrow Worldwide: Aon Hewitt
January 14, 2010 (PLANSPONSOR.com) - According to a new analysis from Aon Hewitt, global pension funding levels ended the year slightly up, despite a roller coaster year.
Council Defends Teacher Pensions
January 13, 2011 (PLANSPONSOR.com) - In response to a January 10, 2010, Wall Street Journal article by former New York City schools chief Joel Klein, the National Council...
AT&T Changes Benefit Accounting Procedures
January 13, 2011 (PLANSPONSOR.com) – AT&T announced it has changed its method of recognizing actuarial gains and losses for pension and other postretirement benefits.
Schwab: Look at Banks, Rating Agencies in Mortgage Mess
January 12, 2011 (PLANSPONSOR.com) – Charles Schwab has urged regulators to focus on other parties in the nation’s recent mortgage meltdown after the firm reached a $136-million regulator...
Schwab Hit with $136M in Fines Over YieldPlus Fund Marketing
January 11, 2011 (PLANSPONSOR.com) – Charles Schwab on Tuesday agreed to pay more than $136 million to settle charges of wrongdoing in connection with the marketing of its...
Money Market Floating NAV Could Produce Asset Shifts
January 11, 2011 (PLANSPONSOR.com) – If money market mutual funds (MMFs) are required to shift to a floating net asset value (NAV) reporting structure, as some policy makers...
Milliman: Pension Plan Funded Status Down for the Year
January 11, 2011 (PLANSPONSOR.com) - In December, plans in the Milliman 100 Pension Funding Index experienced asset increases of $24 billion and liability decreases of $20 billion, resulting...
Pension Indicator Helps Sponsors Evaluate Risk Exposure
January 10, 2011 (PLANSPONSOR.com) - Findley Davies has released its new Pension Indicator online resource.
SEC Snags More in Galleon Insider Trading Scandal
January 10, 2011 (PLANSPONSOR.com) –The Securities and Exchange Commission (SEC) has charged additional individuals and entities in its SEC v. Galleon insider trading case, according to an SEC...
New Regulations Top of Mind at Hedge Funds
January 10, 2011 (PLANSPONSOR.com) - Hedge fund CFOs say addressing new regulatory requirements and meeting evolving investor expectations are the biggest challenges for 2011, according to a poll...
Major Australian Pension Fund Shifts Custody to State Street
January 10, 2011 (PLANSPONSOR.com) - U.S. financial services firm State Street Corp. has received a contract to provide custodial services for an A$18 billion (US$17.9 billion) Australian pension...
NYC Pension Funds Call on Banks to Review Foreclosure Practices
January 10, 2011 (PLANSPONSOR.com) - A coalition of seven major public pension systems called on the boards of directors of Bank of America, Citigroup, JP Morgan Chase, and...
Broker Accused of Defrauding Elderly Nuns Settles With SEC
January 10, 2011 (PLANSPONSOR.com) – While we all know there are plenty of unscrupulous folks out there, the Securities and Exchange Commission has settled with...
SEC Obtains Emergency Asset Freeze Against Hedge Fund Manager
January 7, 2011 (PLANSPONSOR.com) – A hedge fund that marketed itself to various investors including pension funds, school endowments, hospitals and non-profit foundations, has had...
SEC Charges Former Portfolio Managers With Defrauding Utah Municipal Bond Fund
January 7, 2011 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has charged two former portfolio managers with defrauding a mutual fund.
Most Firms Want Three-Year Interval for Say-on-Pay Vote
January 7, 2011 (PLANSPONSOR.com) - A majority of companies (53%) recommend holding a Say on Pay vote every three years, according to a study by executive compensation consultancy...
CalSTRS Seeking Compensation Consultants
January 7, 2011 (PLANSPONSOR.com) - The California State Teachers’ Retirement System (CalSTRS) is establishing a pool of qualified and experienced firms to aid in the analysis and review...
UBS Finds Pension Plan Funding up 9% in Q4 2010
January 7, 2011 (PLANSPONSOR.com) - The UBS Global Asset Management US Pension Fund Fitness Tracker found the typical pension plan’s funding ratio increased by approximately 9% during the...
SEC Reportedly Probing CalPERS Financial Disclosures
January 7, 2011 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) is reportedly investigating whether the state of California properly informed municipal bond buyers about the true fiscal...