Business Travel Upswing Predicted
November 9, 2010 (PLANSPONSOR.com) –Business travelers are anticipating an increase in corporate travel for 2011, according to a new survey from Deloitte.
Administration
Americans Want More Financial Education
November 9, 2010 (PLANSPONSOR.com) - More than two out of three Americans surveyed received a failing grade on a quiz about financial products, services and concepts, according to...
FINRA Fines Goldman over Wells Notice Flap
November 9, 2010 (PLANSPONSOR.com) – The Financial Industry Regulatory Authority (FINRA) has fined Goldman, Sachs & Co. $650,000 for failing to disclose that two of its registered representatives had...
Fed’s Quantitative Easing Program Could Hurt Pensions
November 9, 2010 (PLANSPONSOR.com) - The Federal Reserve’s program of quantitative easing (QE2) has the potential to cause further deterioration in the funded status of U.S. pension plans...
Schwab Withdraws Approval for YieldPlus Suit Settlements
November 9, 2010 (PLANSPONSOR.com) - Charles Schwab Investment Management and Charles Schwab & Co., Inc. have notified counsel for the plaintiffs in a consolidated class action lawsuit relating...
In Japan, It's all about De-Risking
November 9, 2010 (PLANSPONSOR.com) – Funding ratios for Japanese pension funds declined to 82% in 2010, a slight deterioration from the 84% average in 2009 and a significant...
Segal Backs Parts of GASB Pension Accounting Views
November 8, 2010 (PLANSPONSOR.com) – The Segal Company recently told the Governmental Accounting Standards Board (GASB) that it supports much of GASB’s recently released Preliminary Views on major...
Customer Service Critical to Asset Manager Success
November 8, 2010 (PLANSPONSOR.com) - A research study found that institutional investors’ satisfaction with their investment managers is greatly influenced by client service and can be managed regardless...
ICI Tears Into 12(b)1 Proposal
November 8, 2010 (PLANSPONSOR.com) - The mutual fund trade industry’s voice has weighed in on the 12(b)1 debate – and, as might be expected, they...
CalSTRS Board OKs Video Transmission of Meetings
November 5, 2010 (PLANSPONSOR.com) - The Board of the California State Teachers’ Retirement System (CalSTRS) has approved the live video streaming and archiving of its...
Bank of America Staves Off Most Countrywide Charges
November 5, 2010 (PLANSPONSOR.com) - Bank of America Corp has won the dismissal of a lawsuit by investors who claimed its Countrywide unit misled them...
IndyMac Stock Drop Suit Draws Settlement Pact
November 4, 2010 (PLANSPONSOR.com) – Lawyers involved in a stock drop lawsuit against IndyMac Bancorp have announced a $7-million settlement.
Groups Say SEC Rule 12b-2 Should not Interfere with Payment for Services
November 3, 2010 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) and the Council of Independent Recordkeepers (CIKR) asked federal regulators to consider the impact...
October DB Plan Funded Status at 80.3%
November 3, 2010 (PLANSPONSOR.com) – A second straight month of strong equity returns combined with declining liabilities drove the October 2010 funded status for the typical U.S. corporate...
DB Plans See Deficits Decrease in October
November 2, 2010 (PLANSPONSOR.com) - The deficit in pension plans sponsored by S&P 1500 companies decreased by $56 billion to $373 billion at the end of October according...
Towers Watson Suggests Asset Allocation Approach for Nonprofits
November 2, 2010 (PLANSPONSOR (b)lines) – A new report from Towers Watson uses the lessons learned from the economic downturn to put forth a new approach to asset...
IL Teachers System Earnings Beat Expectations for Fiscal 2010
November 1, 2010 (PLANSPONSOR.com) - Investments of the Teachers’ Retirement System (TRS) of Illinois posted a 13.5% rate of return during fiscal year 2010.
No 401(k) Match Changes Planned
November 1, 2010 (PLANSPONSOR.com) – Eighty-four percent of corporate finance officials say they plan no change to their 401(k) match, up 10% from six months earlier, while 10%...
SI Report Describes Future Fund Distribution Landscape
October 27, 2010 (PLANSPONSOR.com) – A new study of global fund distribution features by Strategic Insight (SI) says the future holds a reduced number of blockbuster funds in...
Former San Diego Officials Settle with SEC on Bond Sale Charges
October 27, 2010 (PLANSPONSOR.com) - Four former San Diego city officials have reached an agreement with the Securities and Exchange Commission to settle allegations that they misled investors...