Study Shows UK Trustee Deficit
March 14, 2002 (PLANSPONSOR.com) - There is a potential problem brewing in the UK over the "insufficient" qualifications of pension-fund trustees, according to a new study.
Administration
CalSTRS to Vote against HP Compaq Deal
March 14, 2002 (PLANSPONSOR.com) - The California State Teachers' Retirement System (CalSTRS) cast its vote to oppose the merger of Hewlett-Packard Company (HP) with the Compaq Computer Corporation,...
SEC Hikes Transaction Fee
March 3, 2003 (PLANSPONSOR.com) - The Securities and Exchange Commission is raising the fee it charges for stock market transactions, due to the declining dollar volume in equities...
DB Plans Likely To Hit Corporate Bottom Line
February 26, 2001 (PLANSPONSOR.com) - Most companies with defined benefit pension plans will suffer some kind of hit to their bottom line, courtesy of the turbulent markets, according...
Sponsors Cash in on EGTRRA with ESOPS
February 14, 2002 (PLANSPONSOR.com) -A number of companies that don't have employee stock ownership plans, (ESOPs) but offer company stock in their 401(k) plans are creating ESOPs within...
PBGC To Pick Up LTV Pensions
February 14, 2002 (PLANSPONSOR.com) -LTV says it believes the federal government will take over the Cleveland, Ohio-based steelmaker's pension plans at the end of March.
CSFB Unveils Hedge Index Tracker Offering
February 14, 2002 (PLANSPONSOR.com) - Credit Suisse First Boston has a new alternative investment offering for pension funds and other institutional investors.
Banking Cie. To Consider Lowering SEC Fees
February 26, 2001 (PLANSPONSOR.com) - The Senate Banking Committee will meet Thursday to consider a bill that could save investors billions in securities trading fees.
Big Blue Erases Pension Red Ink
January 2, 2003 (PLANSPONSOR.com) - IBM says it has restored its US pension plan to a fully-funded status, thanks to some $3.95 billion in contributions.
NYSE To Revise Composite Index, Serve as ETF Basis
January 2, 2003 (PLANSPONSOR.com) - The New York Stock Exchange (NYSE) has announced the introduction of a revised composite index that will also serve as the basis for...
Watson Wyatt Finds DB Plans Still On Top
January 14, 2002 (PLANSPONSOR.com) - The performance of employee directed defined contribution plans lagged defined benefit plans by about 1% per year between 1990 and 1998, a new...
Defaults Surge on Corporate Bonds
January 14, 2002 (PLANSPONSOR.com) - Investors should remember that fixed income isn't risk free - in fact, last year the number of corporate defaults was at its highest,...
Corporate Squabbles Kill M&A Deals
January 14, 2002 (PLANSPONSOR.com) - Only half of the executives polled by the Conference Board say their recent involvement in an M&A deal succeeded.
'Secret' Pact May Have Undermined Lucent Workers
January 14, 2002 (PLANSPONSOR.com) - A separate agreement between Lucent Technologies and the union representing many of its most senior employees may have cost hundreds of workers who...
Financial Firms' Failures Fall
January 14, 2002 (PLANSPONSOR.com) - The economic downturn in 2001 claimed comparatively few financial firms, according to an insurance-rating company.
BB&T to Acquire Benefits Firm
January 14, 2002 (PLANSPONSOR.com) - The latest planned acquisition by BB&T Insurance Services should help expand its employee benefit offerings, according to the company.
CalSTRS Goes Public with Private Equity Returns
December 13, 2002 (PLANSPONSOR.com) - The nation's third largest public pension system has released performance data on about half of its private equity investments.
Coke To Keep Mum on Earnings Estimates
December 13, 2002 (PLANSPONSOR.com) - The world's largest soft drink maker says it will no longer provide earnings estimates, because they distract the firm - and investors -...
Fewer Than Half Of American Workers Participate In Savings Plans
December 13, 2002 (PLANSPONSOR.com) - Less than half of American workers own a retirement savings plan, according the Congressional Research Services' Retirement Savings and Household Wealth in 2000:...
UBS Shuttering High Profile Fund
December 13, 2002 (PLANSPONSOR.com) - The UBS Strategy Fund, whose initial investment totaled $2.1 billion, will be closed and merged with the UBS Global Equity Fund, according to...