Rockwell Collins Amends Pension Plan
August 8, 2003 (PLANSPONSOR.com) - Rockwell Collins Inc. will no longer be accruing benefits for salary increases and service rendered in its pension plans after the fiscal year...
Administration
Freddie Mac Under Pension Fund Lawsuit Fire
August 8, 2003 (PLANSPONSOR.com) - Freddie Mac is taking it on the chin from the Ohio River delegation with recent lawsuit announcements by Ohio and West Virginia entities...
Vanguard Realigns Equity Income Fund Advisors
August 8, 2003 (PLANSPONSOR.com) - The Vanguard Group has reallocated assets among several managers of its $2.6-billion Vanguard Equity Income Fund and taken away the share of the...
Another Provider Exits Full-Service TPA RK Services
August 20, 2002 (PLANSPONSOR.com) - Saying the full-service third-party recordkeeping business simply hasn't been profitable enough to justify staying in it, Trustar Retirement Services is pulling out of...
FRS17 Produced Pension Deficits at 90% of Companies
August 20, 2002 (PLANSPONSOR.com) - The new accounting rule FRS17 has led to at least 90% of UK companies facing pension deficits - far worse than first imagined,...
DB Custody Suitors Emerge
August 20, 2002 (PLANSPONSOR.com) - Three US banks have emerged as bidders for Deutsche Bank's custody business, put out on the block earlier this year as part of...
European Institutions Looking For More From Money Managers
July 8, 2003 (PLANSPONSOR.com) - The winds of change are blowing across the Northern European institutional investing landscape, as investors were increasingly looking for a more diverse portfolio...
Sponsor Considerations Loom Large in Provider Outsourcing Decision: Report
July 8, 2003 (PLANSPONSOR.com) - Plan sponsors concerned about becoming a "victim" of outsourcing by their providers might glean insights on the trend in a new report on...
Kalamazoo Says No To VC Pension Investments
July 8, 2003 (PLANSPONSOR.com) - The Kalamazoo, Michigan pension board has unanimously agreed that venture capital funds are not a good move for pension investments.
Oregon Lawmakers Struggle With Last Pension Reform Piece
July 8, 2003 (PLANSPONSOR.com) - Oregon lawmakers continue wrangling over the last significant aspect of ongoing public pension reform efforts - namely, what type of pension to offer...
Microsoft Wants to Give Workers a Real Stock "Option"
July 8, 2003 (PLANSPONSOR.com) - Microsoft plans to put forth a different stock option "option" - awarding employees actual shares of the software giant's stock.
EGTRRA Expansion To Fuel Retirement Coffers
June 20, 2002 (PLANSPONSOR.com) - The EGTRRA tax-reform bill meant a lot of things to a lot of people, but it will mean a $956-billion influx of new...
Multimanagement Products Set to Surge
June 20, 2002 (PLANSPONSOR.com) - Multimanagement is one of the most rapidly expanding areas of asset management and is predicted to pass $1 trillion in assets within four...
Fleet to Play Santa to Robertson Stephens Managers
June 20, 2002 (PLANSPONSOR.com) - FleetBoston Financial is working on a deal to give its controlling stake in technology investment bank Robertson Stephens to a senior management team...
Shareholder, Employment Suits Push D&O Premiums Higher
June 20, 2002 (PLANSPONSOR.com) - Employers are struggling with yet another rising cost of litigation - a 29% increase in directors and officers liability (D&O) premiums last year,...
Private-Sector Salary up by 90 cents in March
June 20, 2002 (PLANSPONSOR.com) - Private-sector wages were up by $0.90 in March 2002 at an average of $21.71 per hour, according to new data from the US...
Option Expensing Develops at Kodak Shareholders Meeting
May 8, 2003 (PLANSPONSOR.com) - Shareholders at Eastman Kodak Co. have passed a resolution to account for employee stock options as an expense for financial reporting purposes.
FASB: Options Are An Expense At Exercise
May 8, 2003 (PLANSPONSOR.com) - The Financial Accounting Standards Board (FASB) is moving closer to defining how employee stock option grants are to be expensed, determining companies can...
Study: YE 2003 Pension Shortfall Could Be Much Higher Than Anticipated
May 8, 2003 (PLANSPONSOR.com) - Year-end 2003 funding shortfalls at large US companies' defined benefit pension plans could actually be more than double the shortage predicted using official...
Angelides Pushing Tough Bank Standards
May 8, 2003 (PLANSPONSOR.com) - California Treasurer Phil Angelides is putting the finishing touches on new rules governing how investment banks do business with the state.