Wyly Ramps Up For Another Board Battle
June 27, 2002 (PLANSPONSOR.com) - Texas billionaire Sam Wyly, who last year waged an unsuccessful fight for control of Computer Associates International Inc. is taking another shot.
Administration
BOLI Policies Gain Steam in Financial Services
June 3, 2004 (PLANSPONSOR.com) - The use of bank-owned life insurance (BOLI) policies among financial services institutions increased 14.5% from 2002 to 2003.
Merrill Exploring Selling Stake in Investment Management Unit
June 3, 2004 (PLANSPONSOR.com) - The New York Times is reporting Merrill Lynch has been exploring the possibility of selling a big stake in its investment management business...
CalSTRS Investment Follows the 'Green'
June 3, 2004 (PLANSPONSOR.com) - The California State Teachers' Retirement System (CalSTRS) has made a $250 million investment commitment to "clean" energy and technology sectors.
Mercer Adds Technical Suggestions for FASB Cash Balance Proposal
May 3, 2004 (PLANSPONSOR.com) - For the second time in two weeks, Mercer Human Resource Consulting has weighed in on the fray over the controversial cash balance pension...
Safeway Announces Bevy of Governance Changes
May 3, 2004 (PLANSPONSOR.com) - Safeway Inc's Board of Directors has announced a multitude of actions meant to strengthen the company's corporate governance.
Expense Ratio Does Not Necessarily Predict Future Performance
May 3, 2004 (PLANSPONSOR.com) - Using a single factor to select mutual funds may not be the best method, especially if that factor is expense ratios.
Florida Community Mulls UBS Court Suit
May 3, 2004 (PLANSPONSOR.com) - Officials in Coral Gables, Florida are now deciding whether to file suit against UBS AG's (UBS) Financial Services over its role as consultant...
Illinois Watchdog Group Blasts Pension Funding Proposal
May 3, 2004 (PLANSPONSOR.com) - Illinois Governor Rod Blagojevich's track record in funding the state's pension obligations has drawn the ire of a Chicago tax policy group.
Workers Say 401(k) Money Being Used By Company
May 15, 2003 (PLANSPONSOR.com) - A former employee of the Kamber Group is alleging his termination was in retaliation for questions he asked about where his 401(k) contributions...
GAO to Congress: Keep Better Track of Federal Retirement Plan
May 15, 2003 (PLANSPONSOR.com) - To keep a better eye on the federal employee retirement program, Congress needs to set up ways to keep itself more tightly in...
FASB: Certain Debt/Equity Instruments Reflect As Liability
May 15, 2003 (PLANSPONSOR.com) - The Financial Accounting Standards Board (FASB) has issued Statement No. 150 that directs certain financial tools with traits of both debt and equity...
SEC Sides With Citigroup on Proxy Omission
April 15, 2003 (PLANSPONSOR.com) - The US Securities and Exchange Commission (SEC) has sided with Citigroup Inc's request to omit a pension fund's proxy proposal, but said the...
Lawsuit Accuses AOL Time Warner Execs of Insider Trading
April 15, 2003 (PLANSPONSOR.com) - The University of California has filed a lawsuit alleging America Online (AOL) Time Warner Inc executives made approximately $936 million through insider trading...
Multiemployer Pensions See Further Funding Erosion
April 15, 2003 (PLANSPONSOR.com) - The percentage of multiemployer defined benefit pension plans that are fully funded for their vested benefits has declined to 67% in 2002 from...
Miami Pension Fund Repaying Investors $900K
April 15, 2003 (PLANSPONSOR.com) - The Miami Police Relief and Pension Fund has been ordered to repay investors $909,000 after a federal judge found the fund allowed an...
Fiserv to Pull In Benefits Administrator
April 15, 2003 (PLANSPONSOR.com) - Fiserv Inc. has agreed to pick up Wausau Benefits, a TPA for employee benefits.
UK Pension Consultant Blames 'Everyone' for Pension Woes
April 15, 2003 (PLANSPONSOR.com) - A pensions partner at PricewaterhouseCoopers (PWC) has launched an attack on everyone involved in the United Kingdom pensions industry for the country's current...
Pension Funding Lands 13 Companies on S&P's Credit Watch
April 15, 2003 (PLANSPONSOR.com) - Standard & Poor's (S&P) has put 13 companies on watch for possible credit downgrade based on concerns about their pension fund obligations.
DB Sponsors Ride out Turbulent Times
March 27, 2002 (PLANSPONSOR.com) - Despite two turbulent years, plan sponsors aren't showing much interest in ramping up risk management or performance benchmarking - and they were even...