Survey Finds High Dissatisfaction Among Execs
December 12, 2006 (PLANSPONSOR.com) - A survey from executive career management and recruiting network ExecuNet has found nearly three in four executives are dissatisfied with their work.
Administration
Prudential Agrees to Full Disclosure of Broker Compensation
December 12, 2006 (PLANSPONSOR.com) - New York State Attorney General Eliot Spitzer has announced a settlement with Prudential Insurance Company of America relating to allegations of deceptive and...
Nebraska High Court Leaves Alone Dismissed Pension Loss Case
December 11, 2006 (PLANSPONSOR.com) - The Nebraska Supreme Court has turned away a request to throw out a lower court ruling dismissing an Omaha attorney's lawsuit that claimed...
SEC Small Co. Fiscal Control Audit Standard Set for Wed. Release
December 11, 2006 (PLANSPONSOR.com) - A vote by the US Securities and Exchange Commission (SEC) this week is expected to start easing the accounting rules governing how closely...
Chapman Loses MD Pension Fraud Appeal
December 11, 2006 (PLANSPONSOR.com) - A federal appellate court has denied a request from former Maryland pension fund manager Nathan Chapman Jr. to overturn his 2004 stock fraud...
Home Depot Discloses 19 Years of Options Backdating
December 11, 2006 (PLANSPONSOR.com) - Home Depot Inc. said last week a review by outside counsel found, for certain stock option grants from 1981 through November 2000, the...
Russian Authorities Accuse IBM of Planning to Defraud the State Pension Fund
December 11, 2006 (PLANSPONSOR.com) - Russian authorities accused International Business Machines (IBM) of conspiring with employees at the Russian Pension Fund in a pension kickback scheme.
Canada Addresses Underfunding in Strong Commitment to Pensions
October 24, 2005 (PLANSPONSOR.com) - Though the typical Canadian pension fund is close to being fully funded, 40% of plan sponsors say the most pressing issue for their...
Japan Changes Focus of Pension Plan Investments
October 24, 2005 (PLANSPONSOR.com) - A Greenwich Associates report reveals that a substantial majority of Japanese financial institutions and pension funds plan to increase their allocations to alternative...
Columnist Accused of Defamation of Investor Advisory Firm
August 24, 2005 (PLANSPONSOR.com) - John Connelly, CEO of Institutional Shareholder Services (ISS), accused a New York Times columnist of an "accusatory agenda" toward ISS and disregarding facts...
Canadian Pensions Also Face Trouble
August 24, 2005 (PLANSPONSOR.com) - A report by the Association of Canadian Pension Management (ACPM) says that fewer Canadians will be covered by defined benefit pension plans and...
Judge Clarifies Competing San Diego Pension Lawsuits
August 24, 2005 (PLANSPONSOR.com) - A California judge has ruled that lawyers representing the city of San Diego pension system can keep representing the fund, as its leaders...
Bank of Canada Report Optimistic on DB Funding Status
December 8, 2006 (PLANSPONSOR.com) - Running deficits among Canada's corporate defined benefit plans is not a threat to the country's financial system, but funding requirements for Canadian defined...
JPMorgan Retirement Plan Services Sues Former Exec Over Security Breach
December 8, 2006 (PLANSPONSOR.com) - JPMorgan Retirement Plan Services has filed a multi-count suit against former vice president of sales Paul Freeman, accusing him of lifting confidential client...
Chicago Group Sounds Pension, Health Funding Alarm
December 7, 2006 (PLANSPONSOR.com) - A Chicago business group has sounded major alarm bells about the state's ability to fund retirement and health coverage costs for state workers,...
Company Memo Shows Manipulation of Stock Option Dates
July 12, 2006 (PLANSPONSOR.com) - A memo between Sycamore Networks Inc. employees discusses how they could manipulate the dates of stock-option grants to issue them at lower prices...
Milwaukee Firm Agrees to $10.8M 401(k) Co. Stock Settlement
July 12, 2006 (PLANSPONSOR.com) - A Milwaukee-area mining equipment manufacturer agreed to a $10.8 million settlement with 401(k) participant employees who say the company improperly included company stock...
CalPERS Needs $240M to Meet Year's Obligations
July 12, 2006 (PLANSPONSOR.com) - The California Public Employees Retirement System (CalPERS) needs almost $240 million more from taxpayers this year to meet its obligations.
Average Mutual Fund Costs Lowest in 25 Years
June 12, 2006 (PLANSPONSOR.com) - A study from the Investment Company Institute found that the average cost of owning mutual fund shares fell in 2005 to the lowest...
Mellon: US Pension Liabilities Fare Better in First 5 Months of 2006
June 12, 2006 (PLANSPONSOR.com) - According to the Mellon Pension Liability Indexes the average US pension plan finished the first five months of 2006 with significant improvement.