Administration

Administration | November 24th, 2010

IASB, FASB Reach Tentative Agreements on IAS 19

November 24, 2010 (PLANSPONSOR.com) - The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have come to some tentative agreements regarding...

Administration | November 24th, 2010

Asset Firm Sales Managers Juggle Competing Interests

November 24, 2010 (PLANSPONSOR.com) – It’s tough being a sales manager at an asset management firm these days, according to a new Cerulli Associates report.

Administration | November 24th, 2010

Raided Hedge Funds Have MA State Pension Assets

November 24, 2010 (PLANSPONSOR.com) - The Massachusetts state pension fund has $65.6 million invested in two Connecticut hedge funds that were raided by the FBI.

Administration | November 22nd, 2010

Morris Enters Pay to Play Guilty Plea

November 22 2010 (PLANSPONSOR.com) – A once well-known New York political consultant who stood accused of a key role in a pay-to-play scandal involving the state’s pension fund...

Administration | November 19th, 2010

KY Counties, Cities to Pay More into Pensions

November 19, 2010 (PLANSPONSOR.com) - The Kentucky Retirement Systems Board of Trustees announced increases to next fiscal year's contribution rates into the County Employees Retirement System (CERS).

Administration | November 18th, 2010

Cuomo Seeks $26M from Rattner in NY Pay-to-Play Scandal

November 18, 2010 (PLANSPONSOR.com) – New York state Attorney General Andrew Cuomo filed two suits against the former founder of the private equity group Quadrangle Group in connection...

Administration | November 18th, 2010

CalPERS Adds Contractor Disclosure Rules

November 18, 2010 (PLANSPONSOR.com) –The California Public Employees’ Retirement System (CalPERS) will now require contractors to disclose whether they’re using an agent to seek business with the fund.

Administration | November 18th, 2010

Are You Due for a Provider Check-up?

November 18, 2010 (PLANSPONSOR.com) - Asked how often they formally evaluated their DC provider, larger programs were again this year noticeably less likely to say...

Administration | November 16th, 2010

NYC Funds Concerned about Foreclosure Handlings

November 16, 2010 (PLANSPONSOR.com) - The trustees of New York City's government pension funds have asked the directors of four major banks to play a bigger role in...

Administration | November 16th, 2010

Hiring and Compensation in Asset Manager Space on the Uptick

November 16, 2010 (PLANSPONSOR.com) - After two years of contraction, hiring in the asset and wealth management industry rebounded in 2010, and compensation is set to show modest...

Administration | November 16th, 2010

A Public GM Gets a Wilshire 5000 Slot

November 16, 2010 (PLANSPONSOR.com) – If General Motors completes its initial public offering on or before, November 19, 2010, it will be added to the Wilshire 5000 Total...

Administration | November 16th, 2010

CalPERS Changes Corporate Engagement Strategy

November 16, 2010 (PLANSPONSOR.com) – The California Public Employees’ Retirement System (CalPERS) has adopted a new strategy for engaging underperforming public stock companies through private contacts and proxy...

Administration | November 16th, 2010

Asset Managers Gear Up for DCIO Asset Fight

November 16, 2010 (PLANSPONSOR.com) – Asset managers are adding staff and increasing budgets to capture share of the fast-growing defined contribution investment-only (DCIO) market, as the competition for...

Administration | November 16th, 2010

What Plan Sponsors Want From Advisers

November 16, 2010 (PLANSPONSOR.com) - Relying on a financial adviser outside the plan was the preference for 37.5% of the roughly 6,000 plan sponsor respondents...

Administration | November 15th, 2010

Asset Manager Compensation Rebounding

November 15, 2010 (PLANSPONSOR.com) - Compensation in the asset management industry is rebounding after two difficult years, according to a review by Greenwich Associates and Johnson Associates.

Administration | November 12th, 2010

Fitch Finds Insurer Pensions Funding Improved in 2009

November 12, 2010 (PLANSPONSOR.com) - According to a Fitch Ratings special report, the funded status of U.S. life and non-life insurers' defined benefit pensions plans improved in 2009...

Administration | November 12th, 2010

FRC Says Alternatives a Growth Opportunity for Asset Managers

November 12, 2010 (PLANSPONSOR.com) - Registered alternative products have recorded a strong 14.47% CAGR over the past four and one-half years, and present asset management firms with meaningful...

Administration | November 12th, 2010

CalSTRS Scales Back Commodities Plans

November 12, 2010 (PLANSPONSOR.com) – The California State Teachers' Retirement System (CalSTRS) has settled on a $150-million investment in the commodities markets, dramatically scaled back from its original...

Administration | November 12th, 2010

October Sees Second Monthly Pension Increase

November 12, 2010 (PLANSPONSOR.com) – NewMilliman data shows the 100 large plans in the Milliman 100 Pension Funding Index experienced asset increases of $15 billion and liability decreases...

Administration | November 11th, 2010

FASB Delays Effective Date of Multiemployer Plan Disclosure Rules

November 11, 2010 (PLANSPONSOR.com) – The Financial Accounting Standards Board has decided that proposed disclosures for employers participating in a multiemployer plan will not be effective in 2010.