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
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.
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...
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...
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...
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.
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...
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...
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...
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...
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.
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...
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...
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.
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...
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....
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...
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)...
PA Terror-Free Investing Bill Sent to Governor
June 23, 2010 (PLANSPONSOR.com) – A Pennsylvania bill to stop public pension funds from investing in foreign companies that have significant business ties with Iran and Sudan is...
Money Managers See Market Value but Risk Potential
June 23, 2010 (PLANSPONSOR.com) – Forty-seven percent of professional money managers in Russell Investments’ latest quarterly poll believe the market to be undervalued, up markedly from 28% in the...