Ex-Employee of Defunct Bank Files Stock Drop Case
July 9, 2010 (PLANSPONSOR.com) – A former participant in the 401(k) and employee stock ownership plan (ESOP) of a now-defunct Lincoln, Nebraska-based bank has filed a stock...
Administration
Institutional Investment Managers Lower Growth Expectations
July 9, 2010 (PLANSPONSOR.com) - Institutional investment managers have moderated their expectations for global growth in the face of European debt concerns, according to a quarterly survey conducted...
Newspaper Pension Plans Blocked from Delaying Reorganization
July 9, 2010 (PLANSPONSOR.com) - A federal judge has rejected a move by employee pension plans at The Philadelphia Inquirer and the Philadelphia Daily News to delay the...
Cuomo Levels ‘Pension Padding’ Charges
July 8, 2010 (PLANSPONSOR.com) – Workers in some New York state public agencies “dramatically” increase their overtime in their last few years of work to “significantly” pump...
UBS Data Shows Pension Funding Declined 11% in Q210
July 8, 2010 (PLANSPONSOR.com) - The UBS Global Asset Management US Pension Fund Fitness Tracker found the typical pension plan’s funding ratio dropped by approximately 11% during the...
Private Equity Fundraising Down in 2010
July 8, 2010 (PLANSPONSOR.com) – U.S. private equity fundraising fell to $45.1 billion during the first half of 2010, down 26% from $61.2 billion raised...
Bonuses More Focused on Performance
July 7, 2010 (PLANSPONSOR.com) - A report by global management consulting firm Hay Group reveals that 39% of companies across the world have or plan to increase the...
State Street Announces Sec Lending Adjustments
July 7, 2010 (PLANSPONSOR.com) - State Street Corporation announced a cash contribution to certain common and collective trust funds managed by State Street Global Advisors (SSgA) that engage...
Former Marsh Execs’ Convictions Overturned
July 7, 2010 (PLANSPONSOR.com) - The convictions of two former Marsh Inc. executives previously found guilty of bid-rigging charges have been overturned.
PA Governor Signs Divestiture Bill
July 7, 2010 (PLANSPONSOR.com) – Pennsylvania Governor Edward G. Rendell has signed into law a bill providing for divestiture from investments in companies doing business in Iran and...
Pension Funding Dropped 15% in Q210
July 6, 2010 (PLANSPONSOR.com) - Legal & General Investment Management America’s (LGIMA) inaugural Pension Fiscal Fitness Monitor, a quarterly estimate of the overall health of a typical U.S....
Hedge Fund Managers Expect to Bounce Back
July 6, 2010 (PLANSPONSOR.com) - Results of a recent survey suggest that the hedge fund industry continues to steadily recover from the global market crisis that began in...
American Airlines Announces Pension Hard Drive Theft
July 2, 2010 (PLANSPONSOR.com) –The parent company of American Airlines announced on Friday that a computer hard drive kept by its pension department that contained personal information...
Gulf Oil 401(k) Suits Spill Over to Anadarko
July 1, 2010 (PLANSPONSOR.com) - Stull, Stull & Brody has started an investigation relating to the 401(k) defined contribution retirement plans of Anadarko Petroleum Corporation.
SEC Adopts Pay to Play Curbs
July 1, 2010 (PLANSPONSOR.com) –The Securities and Exchange Commission (SEC) has approved new rules regulating pay to play practices by investment advisers at public pension plans and...
Ex-SEC Lawyer Settles with Agency over Firing
July 1, 2010 (PLANSPONSOR.com) – The U.S. Securities and Exchange Commission (SEC) has agreed to a $755,000 settlement of a suit filed by a former agency lawyer...
WV Investment Adviser Admits to Embezzling 401(k) Money
July 1, 2010 (PLANSPONSOR.com) - A former investment adviser from Charleston, West Virginia, has admitted in federal court that he embezzled $600,000 from a 401(k) plan under his...
FL Woman Sues BP Over 401(k) Stock Losses
June 30, 2010 (PLANSPONSOR.com) – A Florida woman who invested in the company stock option in BP’s 401(k) plan has sued the company and State Street Bank...
MO House Passes Pension Changes
June 30, 2010 (PLANSPONSOR.com) - The Missouri House has passed a pension reform bill.
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...