ETF Fees Fall in February as Assets Rise
March 22, 2005 (PLANSPONSOR.com) - Increased competition is pressuring fees on exchange-traded funds (ETFs), according to data from Morgan Stanley.
Administration
AIG Executives Canned For Failing to Cooperate With Investigators
March 22, 2005 (PLANSPONSOR.com) - American International Group (AIG) has terminated the employment of two top executives for failing to cooperate with a regulatory probe.
Oregon Pensions Sue Insurers, Brokers over Bonding Policy
March 22, 2005 (PLANSPONSOR.com) - Three Oregon pension funds have filed suit against their insurers and brokers over charges that they were encouraged to buy employee crime insurance...
Auto Enrollment Biggest 401(k) Change after PPA
October 3, 2006 (PLANSPONSOR.com) - Nearly four in 10 (38%) of the chief financial officers (CFO) in a recent survey said their firms expected to add 401(k) automatic...
Mercury Makes $35M Settlement Offer for Options Backdating Fraud
October 3, 2006 (PLANSPONSOR.com) - Software firm Mercury Interactive Corp. proposed a $35 million civil penalty to settle the Securities and Exchange Commission (SEC) investigation into irregular stock...
More CFOs See Hiring Gains in Q2
March 22, 2005 (PLANSPONSOR.com) - A net 6% of chief financial officers (CFOs) are predicting to hire more workers in the second quarter, driven by business growth and...
NASD Says Former Wachovia Broker Wrongfully Fired for Market Timing
October 2, 2006 (PLANSPONSOR.com) - The National Association of Securities Dealers (NASD) handed down a $4.3 million award to a former Wachovia Securities broker who was fired in...
SD Lawmakers Approve $100M in Pension Borrowing
February 10, 2005 (PLANSPONSOR.com) - The San Diego City Council has approved a plan by Mayor Jerry Sanders' to put $100 million into the city's underfunded pension system...
Golden State Analysts: Pension Reform Could Save More than $1B
February 22, 2005 (PLANSPONSOR.com) - The good news is that California Governor Arnold Schwarzenegger's pension reform proposals could save Golden State taxpayers hundreds of millions to more than...
Report: Delta Offers Pilots $300M Note to Kill Pension
February 10, 2005 (PLANSPONSOR.com) - Delta Air Lines, struggling mightily like many of its aviation brethren to survive, has reportedly offered to give pilots a note worth $300...
Plan Sponsors Not Waiting for Reform to Consider Pension Options
February 10, 2006 (PLANSPONSOR.com) - Even as the final decisions surrounding pension reform are hammered out in Washington, plan sponsors are talking about what they might do to...
UAL Employees Garner Class Action Status for ESOP Suit
February 22, 2005 (PLANSPONSOR.com) - A federal judge has given a lawsuit from the employees of United Airlines over company stock holdings class action status.
Calugar Agrees to Record Settlement to Market-Timing Charge
January 10, 2006 (PLANSPONSOR.com) - Las Vegas broker Daniel Calugar has agreed to pay $153 million to settle charges that he traded mutual funds improperly.
PBGC Opposed to Latest United Pilot's Agreement
January 21, 2005 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has said in court papers that it is objecting to UAL Corp.'s new agreement with its pilot...
Cerulli: Managed Acct. Business Should be Centralized
January 10, 2006 (PLANSPONSOR.com) - Managed accounts in retirement plans may be spreading like a desert fire during a California drought, but that doesn't mean plan sponsors won't...
British Airways Pension Deficit Expected to Reach £2B
September 29, 2006 (PLANSPONSOR.com) - British Airways (BA) has reported that the actuarial deficit of its New Airways Pension Scheme (NAPS) is set to rise from £928 million...
Foundations and Endowments Soften Reluctance Against Alternative Investments
September 28, 2006 (PLANSPONSOR.com) - Endowments and foundations plan to increase the amount of assets placed in alternative investments, according to a recent survey, but about two-thirds of...
Public Pension Funding Level Down 1% in 2005
September 28, 2006 (PLANSPONSOR.com) - The aggregate public pension plan funding level in 2005 was down 1% from 2004, according to a new report.
CAPTRUST & Plan Advisory Services Link Up
September 28, 2006 (PLANSPONSOR.com) - CAPTRUST Financial Advisors, an investment research and advisory firm, announced they have entered into a letter of intent to acquire substantially all of...
SEC Investigation of BISYS Comes to a Close
September 27, 2006 (PLANSPONSOR.com) - The Securities and Exchange Commission's (SEC) probe into whether financial services outsourcing firm BISYS used mutual fund fees to pay for the marketing...