New Jerseyans Have More Rainy Day Funds
December 9, 2010 (PLANSPONSOR.com) – New Jersey took the top spot in three key measures of financial capability, according to research released by the FINRA Investor Education Foundation.
Administration
Investment Account Closures Increased
December 9, 2010 (PLANSPONSOR.com) – A new survey by Cogent Research finds 13% of affluent Americans closed at least one investment account in the last year, more than...
Asset Fees for Most Alternatives Dropping
December 9, 2010 (PLANSPONSOR.com) – Asset management fees for most non-traditional asset classes have fallen following increased scrutiny from cost-conscious investors, according to a report by Mercer.
Public Fund Groups Tell Washington: “Back Off!”
December 8, 2010 (PLANSPONSOR.com) – A plethora of state and local government associations has taken issue with recent federal legislation introduced regarding public pension reporting.
Revised Lehman Stock Drop Suit Unsealed
December 8, 2010 (PLANSPONSOR.com) – Ex-Lehman Brothers CEO Richard Fuld and other Lehman executives kept secret their use of Repo 105, a method of financing allegedly designed to...
Pension Funding Sees Slight Uptick in November
December 7, 2010 (PLANSPONSOR.com) - Assets declined less than liabilities at the typical U.S. corporate pension plan in November resulting in a funded status of 80.5%, according to...
Study Finds UK, US Sponsors Have Different Pension Risk Priorities
December 7, 2010 (PLANSPONSOR.com) – A new report indicates that while US and UK plan sponsors are taking a broad view of pension risk, US...
SPARK Finds Support for Lifetime Income Info Standards
December 6, 2010 (PLANSPONSOR.com) – More than 85% of the recordkeeping firms responding to a SPARK Institute poll said they plan to utilize the Institute’s information sharing standards...
JPMorgan Chase Sued over Madoff Fraud
December 3, 2010 (PLANSPONSOR.com) - The trustee charged with liquidating Bernard Madoff's investment firm has brought a $6.4 billion suit against JPMorgan Chase.
Cerulli: Global Emerging Market Funds to Double by 2014
December 3, 2010 (PLANSPONSOR.com) - According to Cerulli's latest research, assets under management in global emerging market funds domiciled in Europe now sit at roughly €390 billion (US$476 billion).
CalSTRS Lowers Actuarial Assumptions
December 3, 2010 (PLANSPONSOR.com) – The nation’s second-largest public pension plan has lowered the return assumptions for pension plan.
Pension Funding Levels See Uptick in November
December 2, 2010 (PLANSPONSOR.com) – Though pension funding levels improved in November, they have not recovered to year-end 2009 levels, implying a potential December 31 hit to corporate...
GM Makes $4 Billion Pension Contribution
December 2, 2010 (PLANSPONSOR.com) - General Motors Company has made the previously announced voluntary $4 billion cash contribution to its United States hourly and salaried...
LDI Adoption Steady, Definition "Fluid"
December 1, 2010 (PLANSPONSOR.com) - An SEI Global Quick Poll released last month shows that the number of pension plans adopting liability driven investing (LDI)...
Report Says SEC Suit against BofA Omitted Significant Violations
December 1, 2010 (PLANSPONSOR.com) - A report by the office of Securities and Exchange Commission (SEC) Inspector General David Kotz concludes that in its hurry to bring suit...
Holder Confirms Government’s Insider Trading Probe
November 29, 2010 (PLANSPONSOR.com) – U.S. Attorney General Eric Holder confirmed Monday that the Justice Department is conducting a criminal investigation related to trading on Wall Street.
Ohio Highway Patrol Posts RFP
November 24, 2010 (PLANSPONSOR.com) - The Highway Patrol Retirement System of Ohio has issued a request for proposal (RFP).
SEC, Former Comverse CEO Settle Back-Dating Charges
November 24, 2010 (PLANSPONSOR.com) - The Securities and Exchange Commission has announced that Comverse Technology, Inc. co-founder Jacob "Kobi" Alexander has agreed to a settlement...
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...
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.