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...
Administration
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.
Citigroup, Legg Mason in $3.7B Asset Swap
June 24, 2005 (PLANSPONSOR.com) - As part of a $3.7-billion asset swap deal announced Friday, Citigroup has agreed to acquire Legg Mason's brokerage network in exchange for most...
O'Connell Firing Goes to Arbitration
June 24, 2005 (PLANSPONSOR.com) - Deposed MassMutual leader Robert O'Connell is now set to pursue arbitration to fight for a severance package believed to be worth more than...
UK Pension Plan Participation Drops Slightly
December 6, 2006 (PLANSPONSOR.com) - Pension participation in the UK dropped 1% over the last year, as employers continued closing their defined benefit plans to new participants because...
Pension Issues Create Need for Talent in Asset Management
December 5, 2006 (PLANSPONSOR.com) - A report from executive search firm Russell Reynolds & Associates indicates the impact of pension reform, increased interest in liability-driven investing, and a...
UK Pension Fund Managers Flee to Safety in Bonds
May 24, 2005 (PLANSPONSOR.com) - Money managers running UK pension funds are increasingly fleeing the equity markets in favor of fixed income positions.
COLI Not an Employee Benefit, CRS Says
May 12, 2006 (PLANSPONSOR.com) - Corporate-owned life insurance (COLI) is not an employee benefit and should not be mistaken for an employer-provided bonus, the Congressional Research Service said...
Applebee's Shareholders Reject PETA Proposal
May 12, 2006 (PLANSPONSOR.com) - Shareholders of Applebee's International Inc. struck down a proposal at its annual meeting by an animal rights group that called for the restaurant...
CVS Board Axes Director Majority Voting Proposal
May 12, 2006 (PLANSPONSOR.com) - CVS Corp. shareholders struck down a proposal from a pension fund yesterday that would require board nominees to receive a majority vote, instead...
Compromise Reached for UK Pension Reform
May 12, 2006 (PLANSPONSOR.com) - A tentative compromise for a pension reform measure has been reached between UK Prime Minister Tony Blair and Chancellor of the Exchequer Gordon...
Former OH Pension Board Official Sentenced to Community Service
May 12, 2006 (PLANSPONSOR.com) - A former board member of the Ohio State Teachers' Retirement System (STRS), who was found guilty on two counts of ethics violations, was...
Canadian Teachers' Pension Shortfall Balloons to $31.9B
April 12, 2006 (PLANSPONSOR.com) - The Ontario Teachers' Pension Plan now faces a $31.9 billion shortfall, up from $19.4 billion last year.
Charges Dropped for IBM Misuse of Treasury Seal
April 12, 2006 (PLANSPONSOR.com) - The Department of Justice has declined to become involved in criminal and civil charges against International Business Machines (IBM) that it misused the...
Patching Over the Past, BNY, Mellon Merge
Two titans of the securities servicing industry - Bank of New York and Mellon Financial - have merged to form a new colossus.
More Details Emerge in Fidelity Fraud Probe
December 4, 2006 (PLANSPONSOR.com) - In court papers filed last week, the Securities and Exchange Commission (SEC) revealed for the first time details of its two-year probe into...
First Charter Lets Go of Recordkeeping Unit
December 4, 2006 (PLANSPONSOR.com) - First Charter Corporation announced on Monday it has sold Southeastern Employee Benefits Services (SEBS), part of the Wealth Management division of First Charter...
PBGC Reaches Agreement with Delta on Pilots Plan
December 4, 2006 (PLANSPONSOR.com) - Delta Air Lines announced it has reached an agreement with the Pension Benefit Guaranty Corporation (PBGC) that will resolve all issues in connection...
San Diego DA Kicks Off Pension Probe
March 24, 2005 (PLANSPONSOR.com) - San Diego city officials got more bad news Wednesday when the local District Attorney's Office announced a new criminal probe into potential conflicts...
CFOs Leaving at Record Pace
March 24, 2005 (PLANSPONSOR.com) - CFOs are leaving their posts in record numbers citing Sarbanes-Oxley and corporate accounting burdens as two main reasons for such moves.