Administration

Administration | July 9th, 2010

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...

Administration | July 9th, 2010

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...

Administration | July 8th, 2010

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...

Administration | July 8th, 2010

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...

Administration | July 8th, 2010

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...

Administration | July 7th, 2010

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...

Administration | July 7th, 2010

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...

Administration | July 7th, 2010

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.

Administration | July 7th, 2010

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...

Administration | July 6th, 2010

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....

Administration | July 6th, 2010

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...

Administration | July 2nd, 2010

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...

Administration | July 1st, 2010

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.

Administration | July 1st, 2010

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...

Administration | July 1st, 2010

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...

Administration | July 1st, 2010

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...

Administration | June 30th, 2010

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...

Administration | June 30th, 2010

MO House Passes Pension Changes

June 30, 2010 (PLANSPONSOR.com) - The Missouri House has passed a pension reform bill.

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...