CDO Complaints Stack Up for Goldman Sachs
May 5, 2010 (PLANSPONSOR.com) – When it rains, it pours – and it’s sure raining on Goldman Sachs.
Administration
CalPERS Ratings Agency Suit Proceeds
May 5, 2010 (PLANSPONSOR.com) – A judge has rejected an attempt to block a pension fund’s lawsuit against major ratings agencies.
Michigan Investment Adviser Convicted of Embezzlement from Retirement Plan
May 4, 2010 (PLANSPONSOR.com) - Anthony A. James has been convicted of seven counts of mail fraud, six counts of wire fraud, and one count of embezzlement from...
Risk Models Help PBGC ‘Understand What’s Out There’
May 4, 2010 (PLANSPONSOR.com) – Statistical risk modeling simulations by the nation’s private sector pension insurer show its multiemployer plan program averaged a $4-billion deficit in 2019 measured...
More ETF Types Spring up as Demand Increases
April 30, 2010 (PLANSPONSOR.com) – As demand for ETFs has grown, ETF sponsors have offered more funds with a greater variety of investment objectives, according to the 2010...
Investment Companies See Growth in 2009
April 30, 2010 (PLANSPONSOR.com) - U.S.-registered investment companies managed $12.2 trillion at year-end 2009, a $1.8 trillion increase from year-end 2008.
Advisers Number One Source for Mutual Funds outside of Retirement Plans
April 30, 2010 (PLANSPONSOR.com) - Eighty percent of households that owned funds outside a workplace retirement plan held funds purchased through a professional adviser, according to the 2010...
New IASB Proposal Could Increase Scrutiny of Risks Taken by DB Plans
April 29, 2010 (PLANSPONSOR.com) - The International Accounting Standards Board (IASB) on Thursday issued its exposure draft on accounting for defined benefit (DB) pension plans.
Goldman Sachs E-mail Shows Harvard on Losing End of Trade
April 29, 2010 (PLANSPONSOR.com) – An e-mail released by the U.S. Senate indicates Goldman Sachs executives knew clients would lose in a large trade in mortgage-backed securities.
CalPERS to Oppose Re-election of Bank of America Directors
April 27, 2010 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) has announced its opposition to the re-election of six Bank of America directors.
Dutch Pensions Face Funding Dilemma
April 27, 2010 (PLANSPONSOR.com) - Pension plan sponsors in the Netherlands are facing their second funding challenge in the past decade, this one more severe than the first,...
U.S. Money Manager Searches up Slightly in 2009
April 27, 2010 (PLANSPONSOR.com) – Plan sponsors replaced managers who performed exceptionally poorly relative to their benchmarks during the market decline and did not start recovering when the...
Public Funds Sue Lehman and Auditor
April 26, 2010 (PLANSPONSOR.com) - Lehman Brothers Holdings Inc.’s auditor Ernst & Young LLP was added as a defendant in a lawsuit seeking to recover money from former...
Cogent Finds IRA Assets Surpassed 401(k) Assets
April 26, 2010 (PLANSPONSOR.com) - For the first time since Cogent Research has been tracking investor allocations, it says wealthy Americans now hold more assets in IRAs than...
ND Pension Systems to be Audited Following Investment Director Suicide
April 26, 2010 (PLANSPONSOR.com) - North Dakota’s pension funds for state workers and public school teachers will be audited following the suicide of their former investment director.
SEC Wins Backdating Conviction against Maxim Former CFO
April 26, 2010 (PLANSPONSOR.com) - A California jury has convicted the former Chief Financial Officer of Maxim Integrated Products Carl Jasper of securities fraud related to stock options...
Settlements Reached in HealthSouth Litigation
April 26, 2010 (PLANSPONSOR.com) – Settlements have been worked out for investor lawsuits over a fraud that decimated hospital owner HealthSouth, including a claim by bondholders led by...
Senior SEC Staffers Caught Surfing for Porn
April 26, 2010 (PLANSPONSOR.com) – Apparently some employees at the Securities and Exchange Commission have been keeping an eye on things besides financial transactions.
Canadian DB Sponsors Most Want Funding Flexibility
April 23, 2010 (PLANSPONSOR.com) – A new poll by Aon Consulting Canada found employers believe that greater defined benefit funding flexibility is the most critical issue as regulators...
Federated Says Money Market Fee Waivers to Stay
April 23, 2010 (PLANSPONSOR.com) – Federated Investors, the third-largest U.S. manager of money market funds, announced that it expects to continue waiving some fees for the rest of...