Financial Engines Gears Up for IPO
December 9, 2009 (PLANSPONSOR.com) - Financial Engines, Inc. announced today that it has filed with the Securities and Exchange Commission a registration statement on Form S-1...
Administration
Equity Markets in November Improve Pension Funding
December 9, 2009 (PLANSPONSOR.com) - The net result of strong equity returns and a decline in corporate bond yields in November was a 1.6% increase in the Towers...
CalPERS to Terminate Managers over Real Estate Losses
December 9, 2009 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) is moving to terminate some of its investment managers as a result of large losses to...
Attempt to Expand FL Pension Board Voted Down
December 9, 2009 (PLANSPONSOR.com) – Florida Chief Financial Officer Alex Sink's attempt to expand the board that oversees the state's pension fund was voted down by her two...
MMC Settles Stock Drop Case
December 8, 2009 (PLANSPONSOR.com) – Lawyers for participants in Marsh & McLennan Co.'s (MMC) Stock Investment Plan have hammered out a $35-million settlement with the company of allegations...
OHPRS Issues Two RFPs
December 8, 2009 (PLANSPONSOR.com) - The $650 million Ohio Highway Patrol Retirement System has issued two investment management Requests for Proposals (RFP).
GAO Makes Suggestions to DoL on Fee Reporting
December 7, 2009 (PLANSPONSOR.com) – In a new report, the Government Accountability Office (GAO) makes suggestions to the U.S. Department of Labor to address plan sponsor and provider...
U.K. Pension Costs Slowing M&A Activity
December 7, 2009 (PLANSPONSOR.com) – A new Watson Wyatt U.K. survey found that 33% of responding companies consider the level of their pension liabilities as an obstacle to...
TCW Links With MetWest, Boots Gundlach
December 5, 2009 (PLANSPONSOR.com) – The bond investing world was shaken on Friday, as TCW Group Inc. announced that Jeffrey E. Gundlach had been "relieved of...
SEC to Make Recommendations on 12b-1, Target-Dates: Shapiro
December 4, 2009 (PLANSPONSOR.com) – Plan sponsors could be looking at some changes on target-date funds next year – and maybe a change in certain mutual...
PPA DB Funding Rules Drive Dash to Fixed Income
December 4, 2009 (PLANSPONSOR.com) – With one eye cast toward the defined benefit plan funding rules in the Pension Protection Act (PPA), retailer J.C. Penney Co. is gradually...
Newspaper Company Revises Pension Loss from Trading Scandal
December 4, 2009 (PLANSPONSOR.com) – The McClatchy Co. said in a new Securities and Exchange Commission (SEC) filing that it now expects the loss to its pension plan...
CalSTRS Backs Instituitonal Investor Conduct Code
December 4, 2009 (PLANSPONSOR.com) - The California State Teachers’ Retirement System (CalSTRS) has backed a new international code of responsibility for institutional investors that calls on institutions to...
WV Cities Get Relief on Police and Firefighter Pensions
December 4, 2009 (PLANSPONSOR.com) - A bill to help West Virginia cities deal with escalating police and firefighter pension costs was signed into law Thursday by Governor Joe...
Cuomo’s N.Y. Pension Pay-to-Play Probe Nets Guilty Plea
December 3, 2009 (PLANSPONSOR.com) – Elliott Broidy, a founder and chairman of Los Angeles private equity firm Markstone Capital Group, has pleaded guilty to paying nearly $1 million...
More Retiree Households in Retirement Income ‘Drawdown’
December 2, 2009 (PLANSPONSOR.com) – Almost half of all financial assets held by households age 65+ can now be considered in retirement income “drawdown” mode, according to a...
Sixty Percent of Vanguard 401(k) Participants Recovering Nicely
December 2, 2009 (PLANSPONSOR.com) – Sixty percent of investors in 401(k) plans administered by The Vanguard Group who maintained retirement balances over the last two years now have...
Study Suggests Investment Behavior is Inherited
November 30, 2009 (PLANSPONSOR.com) - Investor behavior is largely determined by nature rather than nurture, according to a new study by finance professors at Claremont McKenna College and...
FRC Predicts Growth in the Use of External Managers
November 30, 2009 (PLANSPONSOR.com) – Based on a new study, Financial Research Corporation predicts that if the market remains stable and does not go through another crisis within...
LDI Adopters Triple Since 2007
November 30, 2009 (PLANSPONSOR.com) – More than half (54%) of defined benefit plan sponsors have adopted liability-driven investment strategies, up from 20% in 2007, according to a new...