Big Investors Aren't Only Madoff Victims
December 19, 2008 (PLANSPONSOR.com) - The wealthy and large institutional investors were not the only victims of the $50-billion Ponzi scheme orchestrated by Wall Street trader Bernard L....
Administration
Court Gives Preliminary OK to UnitedHealth $900M Options Settlement
December 19, 2008 (PLANSPONSOR.com) - A federal judge on Thursday gave preliminary approval to a $900 million-plus settlement that resolves a lawsuit pitting UnitedHealth Group shareholders against the...
SEI Provides Guidance on FAS 87 Disclosure Assumptions
December 18, 2008 (PLANSPONSOR.com) - Despite current market conditions and returns for 2008, plan sponsors should not drastically adjust Return On Asset (ROA) assumptions for 2009, according to...
DC Plans Keeping Equity Ownership Alive
December 18, 2008 (PLANSPONSOR.com) - A new Investment Company Institute (ICI) and Securities Industry and Financial Markets Associate (SIFMA) report reveals that while overall household equity ownership has...
CalPERS Staff Recommends Widening Asset Allocation Targets
December 18, 2008 (PLANSPONSOR.com) - Investment staff members at the California Public Employees' Retirement System (CalPERS) have recommended the giant pension fund broaden the policy ranges for each...
KY Teachers' Pension System Adopts Investment Reforms
December 17, 2008 (PLANSPONSOR.com) -The Kentucky Teachers' Retirement System (KTRS) has adopted investment reforms that include adding additional experts to its investment committees and requiring board members to...
United Way Circulates Report on Pension Misdeeds
December 17, 2008 (PLANSPONSOR.com) - The United Way of America wants all its affiliates to read a report detailing how a $2.1-million pension damaged the credibility of a...
PA Pensions to Halt Investment Staff Bonuses
December 17, 2008 (PLANSPONSOR.com) - The Pennsylvania Public School Employees' Retirement System (PSERS) board plans to end the practice of paying bonuses to 21 investment staff members by...
Asset Managers Bullish on U.S. Equity Markets
December 16, 2008 (PLANSPONSOR.com) - The latest Investment Manager Outlook from Russell Investments finds that half of the managers surveyed believe the U.S. equity markets are going to...
DB Survival of Hard Times Means Better Risk-Return Judgments
December 16, 2008 (PLANSPONSOR.com) - A new Hewitt Associates global survey found that companies need to do a lot more to manage their pension risk and potentially weak...
PBGC Taking a Fresh Look at Securities Lending
December 15, 2008 (PLANSPONSOR.com) - Securities lending programs have long been a way for institutions to add a little income, to help offset custody fees, or pay for...
CT Town Pension Claims $42M Madoff Fund Loss
December 15, 2008 (PLANSPONSOR.com) - Among the apparent victims of a $50-billion Ponzi scheme which authorities charge was orchestrated by Wall Street trader Bernard L. Madoff, is the...
PA Pension Fund Objects to Lawyer Fees from GM Settlement
December 12, 2008 (PLANSPONSOR.com) - The Pennsylvania State Employees' Retirement System filed an objection this week to the lawyers' cut of a $303 million settlement between General Motors...
San Diego Pension Costs Down in New Year
December 12, 2008 (PLANSPONSOR.com) - The city of San Diego learned Thursday it must pay $154 million into its debt-ridden employee pension system to cover retiree benefit costs...
Largest Pensions Face $95B Asset Loss in November
December 12, 2008 (PLANSPONSOR.com) - In November, pensions in the Milliman 100 Pension Funding Index surrendered a total of $95 billion, after adjustment for liability increases.
Corporate Pensions Slammed by Downturn in November
December 9, 2008 (PLANSPONSOR.com) - The funding ratio at the typical U.S. corporate pension plan fell 13.4% in November, the worst monthly performance since the stock market crash...
State Street, Prudential Win Illinois TRS Business
December 5, 2008 (PLANSPONSOR.com) - The Illinois Teachers' Retirement System (TRS) Board of Trustees selected State Street Corporation to serve as the System's new master trustee/custodian and securities...
SC Pension CIO to Get Bonus
December 5, 2008 (PLANSPONSOR.com) - Looks like South Carolina's chief pension investment officer will get his bonus after all.
Northern Trust Hit with Another Securities Lending Suit
December 4, 2008 (PLANSPONSOR.com) - FedEx Corp. is accusing Northern Trust Company (NTC) and Northern Trust Investments N.A. (NTI) with breaching their fiduciary duties under the Employee Retirement...
ING Reshuffles U.S. Wealth Management
December 4, 2008 (PLANSPONSOR.com) - ING Group announced a reshuffling of its U.S. Wealth Management unit that, among other things, separates annuities from retirement services and includes the...