Some Nervous about New EU Financial Mandates
May 14, 2010 (PLANSPONSOR.com) – Tough proposed regulations by the European Union (EU) of hedge funds and private equity concerns may represent an early political defeat for U.K....
Administration
Multiemployer Plans Suffered from Downturn Too
May 11, 2010 (PLANSPONSOR.com) – A survey released by a Washington, D.C. trade group representing multiemployer plans said the value of assets in those plans plummeted an average...
Ivy Asset Management Sued over Madoff Scheme
May 11, 2010 (PLANSPONSOR.com) – Ivy Asset Management, a unit of Bank of New York Mellon, is facing a lawsuit by New York Attorney General Andrew Cuomo related...
Boards Stepping up Enforcement of Performance Standards
May 11, 2010 (PLANSPONSOR.com) - Corporate Boards are taking a bigger role in setting and enforcing performance standards, according to a new survey by independent compensation consultants Pearl...
BlackRock and Lobby Groups Fighting Swaps Fiduciary Rule
May 10, 2010 (PLANSPONSOR.com) - BlackRock Inc. and the largest U.S. business lobby groups are fighting to strike a provision in the financial regulations overhaul legislation that they...
Corporate Plan Funding Retreats in April
May 10, 2010 (PLANSPONSOR.com) – A plunge in the Aa corporate discount rate in April drove liabilities higher and the funded status lower for the typical U.S. corporate...
No-Load Shares Continue to Gain Ground in Mutual Fund Sales
May 10, 2010 (PLANSPONSOR.com) - Point-of-sale commissions continue to fade from the mutual fund sales process as advisers increasingly sell funds in fee-for-advice arrangements, according to a new...
RI Pension Board Attacked Over Real Estate Investment
May 10, 2010 (PLANSPONSOR.com) – West Warwick, Rhode Island, officials have asked the state pension board’s real estate consultant to examine a controversial $3-million real estate investment.
PA Pension Divestment Measure Sails through Senate
May 10, 2010 (PLANSPONSOR.com) – The Pennsylvania state Senate has approved a measure mandating that the Keystone State’s two largest pension funds and the state’s Treasury Department divest...
Pittsburgh Could See Pension Funding Tax Levy
May 10, 2010 (PLANSPONSOR.com) – Pittsburgh Mayor Luke Ravenstahl is proposing that those working in the Western Pennsylvania city should be forced to pay a 0.3% income tax...
PANC PLANSPONSOR Adviser Insights Panel 2009
You have recently responded to our annual DC Survey (thanks for that!), and you also indicated that you used the services of a financial adviser.
Maxim Announces $173M Settlement of Backdating Suit
May 7, 2010 (PLANSPONSOR.com) - Maxim Integrated Products has announced a $173 million settlement with plaintiffs in a stock option backdating class action.
NY Funds Reach Countrywide Suit Agreement
May 7, 2010 (PLANSPONSOR.com) – A $624-million settlement has been reached between New York State and New York City pension funds and Countrywide Financial Corp.
Conflict-of-Interest Charges against Former Pension Officials Dropped
May 7, 2010 (PLANSPONSOR.com) - Prosecutors have dropped conflict-of-interest charges against six former members of the San Diego pension board following a California Supreme Court ruling that dropped...
Maryland Pension Engages Alternative Investment Consultants
May 6, 2010 (PLANSPONSOR.com) - The Maryland State Retirement Agency (SRA) today announced that it has signed two new five-year contracts with consultants to help...
Schwab Settles State YieldPlus Fund Suit
May 6, 2010 (PLANSPONSOR.com) – Charles Schwab has agreed to pay $35 million to settle a California state court suit over its Schwab YieldPlus Fund.
New York Pension System Ups Investment in Fannie Mae Mortgages
May 6, 2010 (PLANSPONSOR.com) - The $129.4 billion New York State Common Retirement Fund has committed to invest an additional $500 million in New York mortgages currently provided...
Russell Weighs in on Target-date Glide Paths after Retirement
May 6, 2010 (PLANSPONSOR.com) - In its latest research, Russell Investments concludes that once a target-date fund reaches an individual's planned retirement date, it should have conservative allocations...
NC Pension System Considering Shift from Bonds
May 6, 2010 (PLANSPONSOR.com) - North Carolina’s $69 billion pension system, the 10th-largest public system in the U.S., is considering shifting some investments out of bonds to boost...
Former CalPERS Officials Sued over Investment Scheme
May 6, 2010 (PLANSPONSOR.com) – California authorities have sued former California Public Employees Retirement System (CalPERS) officials Federico Buenrostro Jr. and Alfred R. Villalobos for their roles in...