SEC Claims “America’s Prophet” Caused Losses
March 8, 2010 (PLANSPONSOR.com) – You’d think someone who calls himself “America’s Prophet” could have seen this coming.
Administration
SEC Accuses L.A. Investment Firm of Scheme against Retirees
March 5, 2010 (PLANSPONSOR.com) - The Securities and Exchange Commission has filed fraud charges against a Los Angeles-based investment advisory firm and its principal and obtained an emergency...
PLUGGED IN – What's an ERISA Account?
ERISA accounts, sometimes referred to as ERISA "budgets," have gained increased prominence in recent months as part of a renewed focus on 401(k) plan fees and expenses.
Stocks not Abandoned, not Pursued
March 4, 2010 (PLANSPONSOR.com) - Most mutual fund investors did not abandon stocks during the market decline of 2008-09, but have not shown considerable interest in adding to...
Bond Fund Investors Beware
March 1, 2010 (PLANSPONSOR.com) – A new report from Morningstar warns those who flocked to bond funds in 2009 that even those investments aren't immune to volatility.
NJ Senate Takes on Pension Reform
March 1, 2010 (PLANSPONSOR.com) – New Jersey has taken another step toward closing its pension funding gap – but it won’t be pretty.
MSCI Acquires RiskMetrics
March 1, 2010 (PLANSPONSOR.com) – MSCI Inc. has this morning announced plans to acquire RiskMetrics Group, Inc., a provider of risk management and corporate governance products...
Ohio Fund Issues Two Investment RFPs
February 26, 2010 (PLANSPONSOR.com) – The Ohio Highway Patrol Retirement System has released two new requests for proposals (RFPs).
AIG Settles with Oregon Pension Fund
February 26, 2010 (PLANSPONSOR.com) – American International Group (AIG) has agreed to pay $8 million to settle a lawsuit over losses to the Oregon Public Employees Retirement Fund.
Oppenheimer Settles with MA over Auction-rate Securities
February 25, 2010 (PLANSPONSOR.com) – The Massachusetts securities regulator announced that Oppenheimer & Co has agreed to redeem auction-rate securities sold in the state before that market locked...
Report Highlights Public and Private Pension Disparities in Wisconsin
February 24, 2010 (PLANSPONSOR.com) – With the hope of spurring pension reform that helps solve the state's budget problem, the Wisconsin Policy Research Institute has released a report...
Ohio Pension Funds to Lead Class Action against AIG
February 24, 2010 (PLANSPONSOR.com) - A federal judge has granted class action status to shareholders suing insurance giant American International Group.
Study Finds Pension Plan Sponsors More Focused on Liabilities
February 23, 2010 (PLANSPONSOR.com) – Risk management remains a key area of concern for pension plan sponsors, but their focus is shifting, according to a new...
RIAs Say $1M in Retirement Savings Is not Enough
February 23, 2010 (PLANSPONSOR.com) – While $1 million is frequently referenced by Americans as a standard level of retirement savings for average families, a new survey finds most...
WV County School Boards File Suit over OPEB Funding
February 23, 2010 (PLANSPONSOR.com) - A lawsuit has been filed on behalf of 50 of West Virginia’s 55 county boards of education regarding the reporting and funding of...
Schwab Finds Target-date Funds Performed Well
February 23, 2010 (PLANSPONSOR.com) – In examining the performance of its suite of target-date funds during the previous two years, Schwab found many funds outperformed the overall market...
Rosy Picture at CT State Pension Fund
February 19, 2010 (PLANSPONSOR.com) - Connecticut State Treasurer Denise L. Nappier said Connecticut’s state pension fund saw assets grow by $2.7 billion over the first six months of...
NYC Redraws Pension Placement Agent Regs
February 19, 2010 (PLANSPONSOR.com) - With heightened attention being paid around the country to the role of private placement agents at public pension plans, New York City is...
Groups Dissect Pew Report on State Retiree Benefit Funding
February 18, 2010 (PLANSPONSOR.com) - The National Association of State Retirement Administrators (NASRA) and the National Council on Teacher Retirement (NCTR) commended the Pew Center on the States...
CalPERS Calls out Firms not Responding to Placement Agent Info Request
February 18, 2010 (PLANSPONSOR.com) – The California Public Employees Retirement System (CalPERS) has released a list of 11 firms with which it has invested that did not reply...