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.
Administration
Pay Czar Cuts Total Comp, Increases Base Pay
October 27, 2009 (PLANSPONSOR.com) - While Treasury Department pay czar Kenneth Feinberg cut by half total executive compensation at seven firms that received bailout packages, he substantially increased...
Pension Fund Sues over ACS, Xerox Merger
October 27, 2009 (PLANSPONSOR.com) - The City of St. Clair Shores (Michigan) Police and Fire Retirement System is challenging as unfair to shareholders the proposed merger between Affiliated...
DCIO a Growing Part of Asset Manager Business
October 27, 2009 (PLANSPONSOR.com) - The defined contribution investment only (DCIO) business is moving from a minor appendage of an asset management firm's sales effort to its backbone,...
Some Retiring CEOs Take Good Stock Prices with Them
October 22, 2009 (PLANSPONSOR.com) - A new study indicates that companies that use Supplemental Executive Retirement Plans (SERPs) could see their shares suffer when the CEO departs.
Desire for Advice Influenced Retirement Money Movement in Past Year
October 22, 2009 (PLANSPONSOR.com) - A new analysis shows that contrary to popular opinion, mass affluent consumers were not passive during the difficult financial environment of 2008-2009 -...
Callan Provides Lessons on Managing Risk
October 21, 2009 (PLANSPONSOR.com) - A new Callan report offers 10 lessons for managing risks and the next steps institutional investors may want to take.
Abstaining from "Sin" Stocks Could Cost Investors
October 21, 2009 (PLANSPONSOR.com) - A new study finds that investors gain 2.5% higher returns every year (on a risk-adjusted basis) by investing in "sin" stocks - publicly...
CA Charges State Street for 'Unconscionable Fraud' against Pension Funds
October 20, 2009 (PLANSPONSOR.com) - California Attorney General Edmund G. Brown, Jr. has accused State Street Bank and Trust of overcharging the Golden State's two giant public pension...
Harvard Reports Large Cash Loss
October 19, 2009 (PLANSPONSOR.com) - Among its current financial woes, Harvard University is trying to cope with the loss of almost $2 billion in cash in its daily...
Invesco Scoops Up Van Kampen Assets
October 19, 2009 (PLANSPONSOR.com) - Invesco Ltd. has entered into a definitive agreement to acquire Morgan Stanley's retail asset management business, including Van Kampen Investments.
Financial Services Committee Approves Derivatives Regulation
October 16, 2009 (PLANSPONSOR.com) - New rules for the $450 trillion over-the-counter derivatives market were approved by the House Financial Services Committee Thursday.
Va. System Defers Accounting Rule to Cut Costs
October 16, 2009 (PLANSPONSOR.com) - The board of the Virginia Retirement System agreed to an accounting change that will save the government from large contribution rate increases to...
Judge Predicts Appeal in Cuomo Case against Morris
October 16, 2009 (PLANSPONSOR.com) - A New York criminal court judge said New York Attorney General Andrew Cuomo's fraud charges against Henry Morris in the state's pension kickback...
Actuary Group Suggests Standards for European Insurance Directive
October 16, 2009 (PLANSPONSOR.com) - Responding to a directive requiring an insurance undertaking to establish an actuarial function. a group representing 36 European actuarial associations, Groupe Consultatif Actuariel...
Q3 Securities Litigation Driven by New Charges
October 15, 2009 (PLANSPONSOR.com) - The third quarter saw a robust 169 new securities lawsuits filed, but the credit crisis is no longer leading the litigation charge, according...
AllianceBernstein Says Participants Still Bullish on Target-Dates
October 15, 2009 (PLANSPONSOR.com) - Target-date funds have drawn a lot of scrutiny of late, but a new survey suggests that participants still have confidence in the approach.
SEC Hits Schwab with Wells Notice over Bond Funds
October 15, 2009 (PLANSPONSOR.com) - Charles Schwab has been notified by the U.S. Securities and Exchange Commission (SEC) that it could be the target of an SEC civil...
Schwarzenegger Signs Law on Placement Agents
October 14, 2009 (PLANSPONSOR.com) - California Governor Arnold Schwarzenegger has signed a bill clamping down on placement agents, the marketing middlemen hired by private equity groups and other...
CalPERS to Examine Fees Paid to Adviser
October 14, 2009 (PLANSPONSOR.com) - The nation's largest public pension fund said it is launching a "special review" of fees paid by some of its money managers to...