Shareholder Resolutions Fall Short at ExxonMobil
May 25, 2005 (PLANSPONSOR.com) - Some 10.3% of ExxonMobil shareholders voted Wednesday to support a proxy resolution calling for the company to explain its denial that fossil fuel...
Administration
Mellon Says 2006 Better for Pension Funding
January 5, 2007 (PLANSPONSOR.com) - The funded status of a typical U.S. pension plan improved by 3.5 percentage points in December 2006 and 10.9 percentage points for all...
First American Finds Discrepancies in Stock Option Practices
January 5, 2007 (PLANSPONSOR.com) - Joining the long line of companies announcing results of internal investigations into stock option practices is First American Corp., which said on Friday...
Golden State Group Demands Hedge Fund Data
May 25, 2005 (PLANSPONSOR.com) -The California First Amendment Coalition (CFAC), a non-profit organization, is demanding more information from two public funds in the Golden State about their hedge...
CalSTRS to Consider Upping PE Allocation
May 25, 2005 (PLANSPONSOR.com) - Staff members of the California State Teachers' Retirement System (CalSTRS) have recommended that the $125 billion pension fund step up its commitment to...
Sihpol Late Trading Case Heads to Jury
May 25, 2005 (PLANSPONSOR.com) - A New York state judge threw out seven counts of falsifying business records against former Bank of America employee Theodore Sihpol after the...
NASRA: 45 States Have Underfunded Retirement Liabilities
April 25, 2005 (PLANSPONSOR.com) - The gap between assets and benefits in the defined benefit pension plans of 45 states now stands at a collective $260 billion with...
BoNY to Acquire Commission Recapture Provider
April 25, 2005 (PLANSPONSOR.com) - The Bank of New York (BoNY) has agreed to acquire Lynch, Jones & Ryan, Inc. (LJR), from the Instinet Group, a BoNY news...
All Google Shares are not Created Equal
April 13, 2006 (PLANSPONSOR.com) - The Bricklayers & Trowel International Pension Fund that owns 4,735 Google shares, out of a total of 297 million, has filed a proposal...
Measure Requiring Sudan Divestment Passed in ME
April 13, 2006 (PLANSPONSOR.com) - A measure requiring the Maine state retirement system to divest itself of holdings in businesses or corporations doing business in Sudan has been...
Dougherty Petroff Acquires Retirement Subsidiary of BoA
April 25, 2005 (PLANSPONSOR.com) - Dougherty Petroff Associates, Inc. (DPA) has announced that it will acquire Columbia Trust Company (CTC), a subsidiary of Bank of America Corporation.
St. Paul to Convert to Fixed Commission Structure
January 3, 2007 (PLANSPONSOR.com) - Under pressure from regulators, another insurer has decided to stop paying contingent commissions - by 2008.
RI Treasurer Releases Pension Reform Proposal
March 25, 2005 (PLANSPONSOR.com) - Rhode Island General Treasurer Paul Tavares has released his own proposal for controlling costs in the state's troubled pension system.
Individual Asset Performance Factors Studied
March 13, 2006 (PLANSPONSOR.com) - A new survey of investment managers found that most believe globalization and corporate governance are relevant to judging a company's asset performance.
Texas Teachers' Fund's Unfunded Liabilities Increase Sharply
March 25, 2005 (PLANSPONSOR.com) - The Lone Star State's largest pension fund's underfunding level has increased sharply in the last six months.
Japan's Asset Management Business Sees Slow Growth
January 3, 2006 (PLANSPONSOR.com) - The sluggish growth of Japan's asset management industry is partly due to the reticence of a large number of public pension funds to...
Illinois Pension Leader Calls Reform Proposal 'Very Risky'
February 25, 2005 (PLANSPONSOR.com) - A pension overhaul proposal put forth by Illinois Governor Rod Blagojevich is "very risky" according to the director of the State University Retirement...
SD's Aguirre Estimates Private Legal Advice Costs at $1.6M
January 2, 2007 (PLANSPONSOR.com) - In the two years since Michael Aguirre took office as San Diego's attorney, he has racked up $1.6 million in private legal expenses...
Study: Average UK Pension Fund Trustee Lacks Competence
February 13, 2006 (PLANSPONSOR.com) - New Oxford University research shows that the average pension fund trustee in the UK lacks the education and qualifications to be an informed...
Insurers Settle Up at Year-End
January 2, 2007 (PLANSPONSOR.com) - On the last day of 2006, two more financial services firms announced settlements with regulators about their insurance business practices.