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...
Administration
T. Rowe Reaffirms Target-Date Strategy
November 25, 2009 (PLANSPONSOR.com) - Target-date funds with high equity allocation at retirement have come under fire lately, but T. Rowe Price is sticking with its strategy…
Actuary Puts Large-Company Pension Shortfall at $329B
November 23, 2009 (PLANSPONSOR.com) – The financial crisis saddled the world's 100 largest companies with a record 220 billion euro ($329 billion) pension shortfall at the end of...
Lawsuit Deal Clears Path for Xerox-ACS Merger
November 23, 2009 (PLANSPONSOR.com) – Xerox Corporation and Affiliated Computer Services Inc. have resolved claims made in a consolidated lawsuit filed by a pension fund in Dallas County...
Canadian DB Sponsors not Optimistic for the Future
November 23, 2009 (PLANSPONSOR.com) – A survey from RBC Dexia Investor Services reveals that 89% of defined benefit plan sponsors in Canada believe the pension system is either...
MOSERS May Sue Over Future Investment Losses, Limit Staff Bonuses
November 21, 2009 (PLANSPONSOR.com) - Trustees of the $6.8 billion Missouri State Retirement System (MOSERS) have voted to consider lawsuits seeking damages if they suffer future...
CalPERS Head Calls for Tougher Placement Agent Law
November 20, 2009 (PLANSPONSOR.com) – The head of the California Public Employees’ Retirement System (CalPERS) Board of Administration has directed staff members of the giant pension fund to...
Ohio AG Sues Rating Agencies
November 20, 2009 (PLANSPONSOR.com) - Ohio Attorney General Richard Cordray has filed a lawsuit against Standard & Poor’s, Moody’s, and Fitch for "providing unjustified and inflated ratings of...
Oregon Settles with Oppenheimer on 529 Plan Losses
November 20, 2009 (PLANSPONSOR.com) - The state of Oregon has reached a $20-million settlement with MassMutual Financial Group's OppenheimerFunds Inc. of losses in a bond fund in the...
MOSERS Boosted by $600M in Q3
November 20, 2009 (PLANSPONSOR.com) - The Missouri State Employees' Retirement System (MOSERS) recorded an overall 10.4% return for the quarter ending September 30.
Monster Employees Seek Stock Drop Suit Settlement OK
November 20, 2009 (PLANSPONSOR.com) – A group of 401(k) participants has hammered out a $4.25 million out-of-court settlement of a stock-drop lawsuit against their employer Monster Worldwide Inc....
Foundations, Endowments Change Investment Strategies
November 19, 2009 (PLANSPONSOR.com) - Endowments and foundations (E&Fs), concerned with the potential negative effects of a low investment return environment, are balancing their preference for investment strategies...
Wells Fargo Agrees to $1.4M Buyback of Auction-Rate Securities
November 18, 2009 (PLANSPONSOR.com) – California Attorney General Edmund G. Brown Jr. announced a $1.4-billion settlement with three Wells Fargo affiliates to pay back investors, charities, and small...
Considering ESG Factors in Investing Doesn't Have to Cost Returns
November 17, 2009 (PLANSPONSOR.com) - Specific environmental, social, and corporate governance (ESG) factors can have a positive impact on portfolio returns, according to a growing body of academic...
Maryland Issues Two Alternative RFIs
November 17, 2009 (PLANSPONSOR.com) - Maryland’s public pension fund is looking for some consulting help on two of its alternative investment portfolios.
Institutions Still Like Alternative Investments, but Are More Cautious
November 16, 2009 (PLANSPONSOR.com) – A survey by Morningstar, Inc. and Barron's magazine finds that despite questionable performance during the market downturn and hedge fund scandals, institutional investors...
Hermes Adds Global Equities Team
November 16, 2009 (PLANSPONSOR.com) - Hermes Fund Managers Ltd has announced the recruitment of a global equities team.
CEOs See Company Stock Ownership Levels Decline
November 12, 2009 (PLANSPONSOR.com) - Chief executive officers at the nation’s largest companies saw the value of their company stock ownership plunge last year as the U.S. equities...
Towers Perrin Pension Index Sees Uptick in October
November 11, 2009 (PLANSPONSOR.com) – The Towers Perrin Pension Index saw an increase of 0.1% in October to 67.4, according to the firm's latest Capital Market Update.
Public Pension Systems Recovering from Downturn
November 11, 2009 (PLANSPONSOR.com) – Public pension funds in Hawaii and North Carolina are steadily recovering from investment losses of the past year.