Administration

Administration | June 30th, 2010

CalPERS, Other Bondholders Say Lehman Bankruptcy Plan Fuels Conflict

June 29, 2010 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) and a handful of other Lehman Brothers Holdings Inc's creditors said they object to the investment...

Administration | June 29th, 2010

Pension Funding Relief Seen as Best Under the Circumstances

June 29, 2010 (PLANSPONSOR.com) – Considering the politically charged anti-bailout atmosphere in which pension funding relief was negotiated and finally signed into law, plan sponsors generally should...

Administration | June 29th, 2010

U.S. Companies Preparing for Say-on-Pay Legislation

June 29, 2010 (PLANSPONSOR.com) - Relatively few U.S. companies are well prepared to put their executive pay programs up to a say-on-pay shareholder vote, although many are taking...

Administration | June 29th, 2010

North Dakota Pension Fund Hires for Audit, Administrator Search

June 29, 2010 (PLANSPONSOR.com) – The North Dakota Investment Board has retained a Leawood, Kansas, search firm to find a new administrator.

Administration | June 28th, 2010

High Court Revives Janus Market-Timing Suit

June 28, 2010 (PLANSPONSOR.com) - The U.S. Supreme Court on Monday agreed to review a lower court ruling that revived a securities class-action lawsuit against Janus Capital Group...

Administration | June 28th, 2010

Pension Plans Set to Increase Allocations to Alternative Investments

June 28, 2010 (PLANSPONSOR.com) - Investors are increasingly looking to alternative allocations as they take a more holistic approach to portfolio construction, according to the latest survey from...

Administration | June 28th, 2010

Pensions Funded Status Could Fall 10% Next Year

June 28, 2010 (PLANSPONSOR.com) - New research from Russell Investments reveals that pension plans seeking to minimize the effect of contribution requirements in 2010 will more than likely...

Administration | June 28th, 2010

Lanier Law Firm Investigating BP 401(k)

June 28, 2010 (PLANSPONSOR.com) - The Lanier Law Firm is investigating possible legal claims related to a 401(k) retirement plan for U.S. employees of BP.

Administration | June 28th, 2010

Asset Management Business Model Changing Since Downturn

June 28, 2010 (PLANSPONSOR.com) – A new study has found that asset management business models are in transition as the industry adapts to dominant investor concerns about liquidity...

Administration | June 28th, 2010

NM Fund Ponders Aldus Lawsuit

June 28, 2010 (PLANSPONSOR.com) – The New Mexico Educational Retirement Board has hired two law firms to represent the teachers’ pension fund in a planned lawsuit against...

Administration | June 25th, 2010

Ex-Employee Sues BP Over Plan Losses

June 25, 2010 (PLANSPONSOR.com) – An ex-employee of BP Plc has sued the company over losses to BP’s retirement plan caused by the oil rig explosion and...

Administration | June 25th, 2010

SecLending Still Important for Hedge Funds

June 25, 2010 (PLANSPONSOR.com) – While 56% of the 92 public pension plans recently studied had hedge fund or 130/30 vehicle investments, that does not mean institutional...

Administration | June 25th, 2010

Another Law Firm Investigating BP 401(k) Plan

June 25, 2010 (PLANSPONSOR.com) - Stull, Stull & Brody announced it has started an investigation relating to the 401(k) plans of BP Corporation North America Inc.

Administration | June 25th, 2010

Portfolio Manager Charged with Stealing from CO PERA

June 25, 2010 (PLANSPONSOR.com) - Denver District Attorney Mitch Morrissey has charged a woman accused of stealing hundreds of thousands of dollars from the Colorado Public Employees' Retirement...

Administration | June 24th, 2010

Increased Buyback Activity Aimed at Neutralizing Employee Options

June 24, 2010 (PLANSPONSOR.com) - Standard & Poor's announced that preliminary results show that S&P 500 stock buybacks for the first quarter of 2010 increased 79.5% to $55.3...

Administration | June 24th, 2010

Leveling Reported on Audit Charges

June 24, 2010 (PLANSPONSOR.com) – A newly-released report from Financial Executives Research Foundation (FERF) reveals companies surveyed reported a leveling in their average audit fees.

Administration | June 24th, 2010

GASB Releases Investment Reporting Updates

June 24, 2010 (PLANSPONSOR.com) –The Governmental Accounting Standards Board (GASB) issued Statement No. 59, Financial Instruments Omnibus, which it said updates existing mandates regarding financial reporting of...

Administration | June 24th, 2010

Law Firm Probing Potential BP ERISA Violations

June 24, 2010 (PLANSPONSOR.com) – The Milberg LLP law firm has announced it is investigating possible illegal conduct relating to BP's 401(k) plan for U.S....

Administration | June 24th, 2010

NYC Pension Funds Unveil Disclosure Rules

June 24, 2010 (PLANSPONSOR.com) – New York City Comptroller John C. Liu this week announced “transparency and disclosure initiatives” that will be applied to money managers seeking...

Administration | June 23rd, 2010

DiNapoli Lines up Counsel for BP Oil Spill Suit

June 23, 2010 (PLANSPONSOR.com) – New York state Comptroller Thomas P. DiNapoli announced that he hired a law firm to represent the state Common Retirement Fund (CRF)...