Securities America to Pay $22M to ExxonMobil Participants
May 18, 2006 (PLANSPONSOR.com) - In what is being reported as one of the most hefty awards of its kind ever to be imposed on a Wall Street...
Administration
Former Putnam Mutual Fund Managers Settle SEC Charges
June 5, 2007 (PLANSPONSOR.com) - Former managing directors at Putnam Investments Justin Scott and Omid Kamshad have agreed to each pay $400,000 to settle charges with the Securities...
Most Workers Not Upset About M&A Job Effects
June 5, 2007 (PLANSPONSOR.com) - Most (89%) American workers are not concerned about their companies being merged with or acquired by another in the next 12 months, according...
Report Highlights Impact of Corporate Actions on Trading
May 18, 2006 (PLANSPONSOR.com) - Routine corporate actions such as takeovers, stock splits, spin-offs, rights issues and exchange offers can impact trading prices and volumes, according to a...
Settlement Proposed for BellSouth Company Stock Suit
May 18, 2006 (PLANSPONSOR.com) - Bellsouth has agreed to settle with employees who claim the company breached its fiduciary duties in relation to company stock retirement savings investments.
Ready to Play the Revenue Recognition Challenge?
June 5, 2007 (PLANSPONSOR.com) - No, it won't help you parse the latest spate of revenue-sharing disclosures, but a new online game promises to help finance professionals better...
ACS Gets Fed Grand Jury Info Demand
May 18, 2006 (PLANSPONSOR.com) - Affiliated Computer Services Inc. (ACS) has revealed that it received a federal grand jury information demand for documents on the stock options it...
NYLIM to Pick Up Chicago Equity Manager
May 18, 2006 (PLANSPONSOR.com) - New York Life Investment Management (NYLIM) has agreed to acquire a Chicago value equity institutional money management company.
GM Shareholders Snub Corporate Governance Proposals
June 5, 2007 (PLANSPONSOR.com) - Shareholders at General Motors Corp. voted down a proposal on Tuesday that would give them more clout in board elections and one that...
CalPERS Adjusts Money Mgr Pay to National Average
May 18, 2006 (PLANSPONSOR.com) - In an effort to reduce turnover among its top investment officials, California Public Employees' Retirement System (CalPERS) trustees approved an immediate 1% pay...
Guardian Buys Stake in West Coast Money Manager
May 18, 2006 (PLANSPONSOR.com) - The Guardian Life Insurance Company of America and RS Investments announced that the New York-based insurer will acquire a 65% interest in RS,...
Two SD Pension Defendants Get Court-Appointed Counsel
April 18, 2006 (PLANSPONSOR.com) - Two officials charged in the San Diego pension fraud case will have lawyers appointed for them by the court.
Study: Pension Freeze is Not Total Answer
April 18, 2006 (PLANSPONSOR.com) - Even though an employer may freeze its defined benefit pension plan, that does not mean the move meaningfully cuts down its exposure to...
Stanford Group Issues Pension Governance Standards
June 4, 2007 (PLANSPONSOR.com) - A committee of the Stanford Institutional Investors' Forum at Stanford Law School, in cooperation with the Arthur and Toni Rembe Rock Center for...
Outsourcing Not as Popular for Financial Processes
April 18, 2006 (PLANSPONSOR.com) - A study from The Hackett Group found that companies outsource only 4% of financial processes.
TSP Wants Congressional Hearing Delay
April 18, 2006 (PLANSPONSOR.com) - The federal Thrift Savings Plan board is resisting Congressional efforts to add a real estate investment option to the retirement savings program.
US Pension Funds Still Underfunded, but Better Than Last Year
April 18, 2006 (PLANSPONSOR.com) - The pension funds of the S&P 500 companies saw an improvement last year, but are still underfunded by $145 billion, according to one...
Price Tag of Oregon Pension Reform Ruling: $2.1B
March 30, 2005 (PLANSPONSOR.com) - The recent Oregon Supreme Court's decision to overturn two key provisions of the Oregon Legislature's 2003 pension-reform package will cost $2.1 billion, according...
Mississippi Allows Pension Fund to Allocate 10% to Private Equity
March 30, 2005 (PLANSPONSOR.com) - Mississippi Governor Haley Barbour has signed a law that will allow the state's pension system to invest in private equity.
Court Clears CA Firm of ERISA Breach
January 18, 2006 (PLANSPONSOR.com) - A federal judge in California has cleared a California company and two of its directors of breaching their fiduciary duty under the Employee...