Ex-Bear Stearns Hedge Fund Execs Found Not Guilty
November 10, 2009 (PLANSPONSOR.com) - Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the subprime mortgage market have been acquitted...
Administration
CA Officials Reported Drafting Placement Agent Bill
November 9, 2009 (PLANSPONSOR.com) – Legislation currently being drafted in California would force pension placement agents to register as lobbyists in that state and would eliminate a...
NY Lawyer to Pay $240K to Settle Pension Fraud Charges
November 6, 2009 (PLANSPONSOR.com) - A New York lawyer accused of fraudulently receiving state pension benefits from as many as six school districts while also maintaining a private...
PBGC and UK Pension Bodies Agree to Share
November 5, 2009 (PLANSPONSOR.com) - A new agreement between the Pension Benefit Guaranty Corp. (PBGC) and the United Kingdom's Pensions Regulator and Pension Protection Fund provides a framework...
Wall Street Execs not the Only Ones Facing Pay Scrutiny
November 5, 2009 (PLANSPONSOR.com) - While compensation for presidents at private colleges and universities cannot compare to that for Wall Street executives, information from the Chronicle of Higher...
Oct. DB Funded Status Stays Flat
November 5, 2009 (PLANSPONSOR.com) - The funded status of pension plans sponsored by S&P 1500 companies remained flat at 80% (deficit of $307 billion) in October, according to...
Placement Agent Probe Yields Another Settlement
November 4, 2009 (PLANSPONSOR.com) - A man who helped a Los Angeles-based private equity firm land an $800-million New York state pension mandate has agreed to settle allegations...
Tribune Co. ESOP to be Terminated
November 4, 2009 (PLANSPONSOR.com) - In a memo to Tribune Co. employees announcing a new retirement plan, Chief Administrative Officer Gerry Spector said the company's Employee Stock Ownership...
Pension Funding Status Falls Back in October
November 4, 2009 (PLANSPONSOR.com) - U.S. stocks declined for the first time in eight months in October, driving down the funding status of the typical U.S. corporate pension...
Study Predicts Rise in Hedge Fund Assets in Managed Accounts
November 4, 2009 (PLANSPONSOR.com) - The hedge fund industry is taking a series of steps to recapture assets, addressing investor concerns over transparency, liquidity, and fraud, according to...
CalPERS Arvco Financial Payments Higher than Reported
November 4, 2009 (PLANSPONSOR.com) - The amount paid to a former California Public Employees' Retirement System (CalPERS) board member for marketing money managers to the fund is higher...
PA Firm Accused in Death Benefit Swindle
March 11, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor (DoL) has accused a Pennsylvania benefits firm of improperly administering death benefit plans sold nationwide, including improperly siphoning...
National Investment Managers Acquires New Block of Business
November 3, 2009 (PLANSPONSOR.com) - National Investment Managers, a nationally-based and regionally-operated retirement plan administration and investment management company with over $10 billion of assets under administration, has...
ING Hangs Onto Retirement-Focused Broker/Dealers
November 3, 2009 (PLANSPONSOR.com) - ING has decided to hang on to two retirement/insurance-affiliated broker/dealers, while selling off three others.
High Court Hearing this Week on San Diego Pension Case
November 2, 2009 (PLANSPONSOR.com) - The California Supreme Court will hear arguments Wednesday in the case against six former members of San Diego's city pension board, the San...
Mich. Non-Profit Group Plan Possible Distress Termination Candidate
November 2, 2009 (PLANSPONSOR.com) - The United Way for Southeastern Michigan, which faces a funding shortfall of at least $22 million for its troubled group pension plan, is...
NASRA Executive Committee Reaffirms Ethical Standard Commitment
October 30, 2009 (PLANSPONSOR.com) - Responding to what it described as "heightened media attention to isolated but high profile cases of so-called "pay-to-play" in the public sector," a...
ABC Contends Pension Funding Rules Cost U.S. Jobs
October 30, 2009 (PLANSPONSOR.com) - The accelerated pension funding mandates in the Pension Protection Act are costing the U.S. economy much-needed jobs, a new report contends.
Illinois Teachers See Funded Ratio Fall Further
October 30, 2009 (PLANSPONSOR.com) - The funded ratio of the Teachers' Retirement System of Illinois slipped to 52% as of June 30, 2009 from 56% a year earlier,...
Canada Proposes Public Pension Reform
October 28, 2009 (PLANSPONSOR.com) - Canada's Finance Minister Jim Flaherty on Tuesday proposed reforms to pension plans at federally-regulated companies.