ICI: Advisors Get Most 12b-1Fee Revenue
February 24, 2005 (PLANSPONSOR.com) - A new study by a trade group revealed that the overwhelming share of 12b-1 mutual fund fees are being spent to pay financial...
Administration
Marsh Exec Pleads Guilty to Bid-Rigging Criminal Charges
February 24, 2005 (PLANSPONSOR.com) - A former Marsh & McLennan managing director has pleaded guilty to criminal charges linked to a New York state investigation into bid-rigging and...
Ex-HSBC Workers Accuse Brokers of Annuity Sales Concentration
February 24, 2005 (PLANSPONSOR.com) - A large percentage of retail customers of HSBC Brokerage in 2002 and 2003 held portfolios concentrated with fixed annuities because the majority of...
Investors Sue over Worthless Stock Options
February 24, 2005 (PLANSPONSOR.com) - A lawsuit has been filed against Countrywide Financial Corp. over allegations that the company diluted the value of investor stock options related to...
Merrill: DB Sponsors Should Look at Interest Rate Swaps
January 24, 2005 (PLANSPONSOR.com) - With an accounting shift to a mark to market approach on the horizon, defined benefit traditional pension plan sponsors should adopt a program...
Canadian Pension Plan to Turn to European Infrastructure Investments
January 24, 2005 (PLANSPONSOR.com) - The Canadian Pension Plan (CPP) Investment Board is looking across the pond for investments in infrastructure, citing lack of opportunities in Canada.
Federated Execs May Be Charged In Civil Suit by SEC, Company Says
January 24, 2005 (PLANSPONSOR.com) - Federated Investors has announced that two of its executives may be charged by the SEC over allegations of mutual fund trading rules violations.
SEC Offers Quicker Report Reviews to Interactive Data Testers
January 12, 2006 (PLANSPONSOR.com) - The US Securities and Exchange Commission (SEC) has a deal for companies willing to play guinea pig in a test run of a...
Consumers Want Financial Advisors Who Make Things Easier
January 12, 2006 (PLANSPONSOR.com) - The ING Financial Planning and Investing Study found that 73% of consumers would switch to a financial services firm with a reputation for...
Securities Industry Pays Record Bonuses in 2005
January 12, 2006 (PLANSPONSOR.com) - Wall Street bonuses will set a new record of $21.5 billion in 2005, surpassing the previous record of $19.5 billion set in 2000...
Callan Settles $4.5M Suit over Pay to Play Conflict Charges
November 30, 2006 (PLANSPONSOR.com) - The pension consultant that had advised the city of San Diego retirement system for more than two decades has agreed to a $4.5-million...
Ryan Wins on Bond, Loses on Pension
November 30, 2006 (PLANSPONSOR.com) - Former Illinois Governor George Ryan won one and lost one on Thursday, as a federal appellate court allowed him to remain free on...
Great-West Sweeps Up More 401(k) Business
November 30, 2006 (PLANSPONSOR.com) - U.S. Bank Institutional Trust & Custody has agreed to sell its bundled 401(k) plan business to Great-West Retirement Services, but is keeping its...
MA Retirement System Turns Over Asset Control to State
November 29, 2006 (PLANSPONSOR.com) - A Massachusetts retirement system voted Tuesday to hand over the management of nearly all of its $700 million in assets to the state...
AARP Finds Older Californians Overwhelmed by Retirement Saving
November 29, 2006 (PLANSPONSOR.com) - A survey from AARP Financial has found Californians over age 50 report being overwhelmed with too many choices, turned off by complex prospectus...
Study: Meetings with Corporate Officials Increasingly Important
November 22, 2006 (PLANSPONSOR.com) - Faced with a steady demand to press the flesh with institutional investors, more than four in 10 corporate chief financial officers (CFOs) in...
Study Finds Exec Pay Strongly Linked to Performance
November 28, 2006 (PLANSPONSOR.com) - A study by global consultant Watson Wyatt Worldwide has found executives at financially high-performing companies are realizing greater compensation than their counterparts at...
Delta Adds $719M in Claims for Retired Pilots
November 28, 2006 (PLANSPONSOR.com) - Delta Air Lines has agreed to give its retired pilots an extra $719 million in unsecured US Bankruptcy Court claims to help them...
ACS Execs Latest to Resign After Stock Options Probe
November 27, 2006 (PLANSPONSOR.com) - Affiliated Computer Services, Inc. (ACS) has announced that it has concluded its internal investigation into the firm's stock options grant practices, and the...
Corporate Carnage Continues in Stock Options Scandal with Monster Firing
November 22, 2006 (PLANSPONSOR.com) - The corporate carnage over issues relating to the stock options backdating scandal continued Wednesday with the announcement from online employment firm Monster Worldwide...