Pensions of S&P Firms Did Well in 2007
May 19, 2008 (PLANSPONSOR.com) - New data from Standard & Poor's Index Services shows that S&P 500 defined benefit pension plans returned to their overfunded status in 2007...
Administration
Segal Finds Multiemployer Plan Status Better than Predicted
May 16, 2008 (PLANSPONSOR.com) - A Segal Company survey of multiemployer pension plans finds that, under funding provisions of the Pension Protection Act of 2006 (PPA), the average...
Pension Funds Can Proceed with Suit against Countrywide
May 16, 2008 (PLANSPONSOR.com) - A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to trial.
Mercer Finds Decline in CEO Comp
May 15, 2008 (PLANSPONSOR.com) - Mercer's study of U.S. CEO compensation trends found that CEO total direct compensation among many large companies is declining.
Merrill Closing FL Consulting Practice as Result of Controversy
May 15, 2008 (PLANSPONSOR.com) - Merrill Lynch Consulting Services is closing down its Florida pension advisory practice.
Guaranteed Income Might Increase Total Retirement Income
May 15, 2008 (PLANSPONSOR.com) - Adding guaranteed income to a qualified default investment alternative (QDIA) can generate higher income levels in retirement, a study to be released Friday...
Four Broadcom Execs Hit with Backdating Charges
May 15, 2008 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has hit two current and two former top officers of Broadcom Corporation for being involved in an...
Rogerscasey Announces Acquisition of Canadian Consulting Firm
May 15, 2008 (PLANSPONSOR.com) - Rogerscasey announced it has agreed in principle to acquire Perimeter Capital Management Inc. (PCMI), based in Toronto, Canada.
Plan Sponsors Increasingly Using Active Extension Strategies
May 15, 2008 (PLANSPONSOR.com) - Active extension strategies - relatively new to institutional investors - are already in use or are under consideration by more than half of...
FRC to Stop Disclosing Fund Sales Info to Public
May 15, 2008 (PLANSPONSOR.com) - Financial Research Corporation (FRC) - a source for information on asset inflows and outflows to mutual fund companies - announced it will stop...
VT Pension Fund Seeking Investment Opportunities to Benefit State
May 14, 2008 (PLANSPONSOR.com) - Under a new policy instituted last year by Vermont State Treasurer Jeb Spaulding, the treasurer's office has issued a request for proposals for...
San Diego City Council Rebuffs Mayor on Pension Reform
May 14, 2008 (PLANSPONSOR.com) - After a rebuff from the City Council on his pension reform plan, San Diego Mayor Jerry Sanders vowed to take his campaign directly...
BOLI Assets Increase Nearly 16% in 2007
May 13, 2008 (PLANSPONSOR.com) - Large bank holding companies (BHCs) and stand-alone banks reported bank-owned life insurance (BOLI) assets of $120.4 billion in 2007, reflecting a 15.9% increase...
CalSTRS Names Fixed Income Developing Manager Firms
May 12, 2008 (PLANSPONSOR.com) - The California State Teachers' Retirement System (CalSTRS) has announced its intent to award contracts to three investment management firms that will implement a...
Marvell Technology and Former CEO Agree to Backdating Settlement
May 12, 2008 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) on Thursday hit Santa Clara-based Marvell Technology Group and its co-founder and former CEO with civil securities...
Empire State Pension Probe Could Snare Hundreds of Lawyers
May 9, 2008 (PLANSPONSOR.com) - A state probe into the practice of lawyers improperly receiving state public pension benefits could potentially snare several hundred attorneys.
UBS Agrees to Repay Investors of Risky Securities
May 8, 2008 (PLANSPONSOR.com) - UBS Financial Services Inc. reached an agreement with Massachusetts Attorney General Martha Coakley to return $37 million to 17 cities and towns, as...
Assets in Traditional Investments Decline as Institutions Seek Alternatives
May 7, 2008 (PLANSPONSOR.com) - Callan Associates' 2007 Style, Trend, Analysis and Research (STAR) report shows traditional asset classes lost $265 billion of institutional assets in 2007.
Trade Execution Cost, Speed Inversely Related Intraday
May 7, 2008 (PLANSPONSOR.com) - A new statistical analysis of trading data during the trading day from the NASDAQ Stock Market shows an inverse relationship between two important...
Nestle Sets Up Asset Manager Firm to Service Pensions
June 29, 2006 (PLANSPONSOR.com) - Nestle has announced its creation of a new company, Nestle Capital Advisors, which will provide services to its pension funds around the world.