403(b) Changes Mean Altered Provider Landscape
June 8, 2009 (PLANSPONSOR.com) - Labeling the 403(b) space "arguably the most dynamic retirement market sector," a new report by two research firms predicts the pace of transition...
Administration
CT Hedge Fund Bill Dies without a Vote
June 5, 2009 (PLANSPONSOR.com) - A state of Connecticut legislative proposal requiring hedge funds to comply with new disclosure guidelines died in the state House of Representatives when...
Research and Due Diligence Function Increasingly Important
June 5, 2009 (PLANSPONSOR.com) - With the continued evolution of the unified managed account (UMA) and a product-neutral portfolio construction environment, the due diligence and research function is...
Putnam to Enter Hedge Fund Business
June 5, 2009 (PLANSPONSOR.com) - Mutual fund company Putnam Investments plans to offer hedge fund portfolios in the next six to 12 months, its chief executive officer said...
Court Gives Indiana Funds More Time to Appeal Chrysler Sale
June 5, 2009 (PLANSPONSOR.com) - A federal appeals court approved the sale of Chrysler assets to Fiat but kept the deal on hold until Monday to allow a...
Are Participants Overconfident About Their Investments?
June 5, 2009 (PLANSPONSOR.com) - Most participants are pretty confident about their investment diversification - but a new survey suggests that confidence may be misplaced.
One Delphi Plan Goes to GM, One to PBGC
June 4, 2009 (PLANSPONSOR.com) - Bankrupt auto-parts maker Delphi Corp. announced that General Motors will take over its hourly pension plan and the federal private-sector pension insurer will...
Prudential Calls for Target-Date Offerings with Income Guarantees
June 3, 2009 (PLANSPONSOR.com) - A new Prudential Retirement report said target-date funds should be changed to include guaranteed income features.
Tar Heel State Senate Approves Pension Diversification Measure
June 3, 2009 (PLANSPONSOR.com) - North Carolina Treasurer Janet Cowell is one step closer to enjoying more leeway in how she invests state pension money.
Court Agrees to Hear Indiana Funds' Chrysler Appeal
June 3, 2009 (PLANSPONSOR.com) - The 2nd U.S. Circuit Court of Appeals said it would hear an appeal by a group of Indiana public funds challenging the sale...
SEC Pondering Comp Disclosure Expansion
June 3, 2009 (PLANSPONSOR.com) - Federal securities regulators plan to put forward new rules expanding compensation disclosures beyond the current mandates involving a company's five highest-paid executives.
New York AG Gets Delay in SEC Pay-to-Play Civil Case
June 1, 2009 (PLANSPONSOR.com) - A federal judge has approved a request from New York Attorney General Andrew Cuomo to put on hold the U.S. Securities and Exchange...
Vanguard Weighs in with $5B iShares Offer
June 1, 2009 (PLANSPONSOR.com) - A U.K. newspaper is reporting that The Vanguard Group has submitted a $5-billion bid for the iShares unit of Barclays.
DiNapoli Reports 'Worst Year in Memory' for State Pension Fund
June 1, 2009 (PLANSPONSOR.com) - New York State Comptroller Thomas P. DiNapoli's office reported on Friday that the state pension fund lost 26.3% for the year ended March...
Judge OKs Qwest Pension Suit Settlements
May 29, 2009 (PLANSPONSOR.com) - A federal judge has given final approval to $695 million in settlements to shareholders suing Qwest Communications International Inc for securities fraud.
Solis Asks PBGC to Halt New Investment Strategy
May 29, 2009 (PLANSPONSOR.com) - Secretary of Labor Hilda Solis, chairwoman of the Pension Benefit Guaranty Corporation (PBGC), has urged its board to suspend a controversial investment strategy...
Tar Heel State Treasurer Seeks Pension Investment Diversification
May 29, 2009 (PLANSPONSOR.com) - The North Carolina House approved a measure allowing Treasurer Janet Cowell to expand the state's lists of approved pension investments, which Cowell claims...
Milberg Announces Puerto Rican Bank ERISA Probe
May 28, 2009 (PLANSPONSOR.com) - The Milberg class action law firm has announced an investigation into actions by Popular Inc. U.S.A., a San Juan, Puerto Rico-based financial services...
Illinois House Turns Pension Payment Cutback Plan
May 28, 2009 (PLANSPONSOR.com) - The Illinois House has rebuffed efforts by Governor Pat Quinn to reduce payments into the state pension funds.
IN Pension Funds Won't Get Chrysler Case Moved to District Court
May 27, 2009 (PLANSPONSOR.com) - In a second legal defeat, a U.S. federal judge denied a request by a group of Indiana public funds to delay bankrupt automaker...