Administration

National Asset To Be Acquired

March 1, 2001 (PLANSPONSOR.com) - AMVESCAP PLC has signed a definitive agreement to acquire National Asset Management Co., a US institutional investment manager based in Louisville, Kentucky.

S&P Unveils Stock IQ

March 1, 2001 (PLANSPONSOR.com) - Standard & Poor's has unveiled Investability Quotient, a proprietary stock analysis system that evaluates a stock's investment characteristics across a universe of companies.

Top CEO Salaries Up 15% in 2000

March 1, 2001 (PLANSPONSOR.com) - Stock options continued to account for a larger percentage of executive salaries in 2000, adding an extra 28% to the pay package, according to a survey conducted by Pearl Myers and Partners, a New York-based executive compensation consulting firm.

CalPERS extends in move into private equities

Feb. 1, 2001 (PLANSPONSOR.COM)-The $170 billion CalPERS continued its move into the private equity arena, committing $425 million in a strategic relationship with the Carlyle Group, a huge global private equity firm.

SEC Wants More Option Disclosure

February 1, 2001 (PLANSPONSOR.COM) - The Securities and Exchange Commission has proposed more detailed rules about compensation in the form of employee stock options, and is considering other changes that could have a dramatic accounting impact for employers on exercise cancellations.

Finance, Accounting Pay Rise

September 12, 2000 (PLANSPONSOR.com) - Total cash compensation in finance and accounting jobs continues to rise steadily, if not spectacularly according to a new nationwide survey from William M. Mercer.

CalPERS to Up Alternative Investments: Report

May 12, 2000 (PLANSPONSOR.com) - CalPERS, the nation's largest pension system, is continuing the trend toward more alternative investments by considering to transfer about $7 billion of its $174 billion in assets from stocks to private equity and real estate, according to a report by Bloomberg News Service.

CalPERS Protests Bank of America CEO Pay

April 12, 2000 (PLANSPONSOR.com) - Showing its muscle as institutional investor, CalPERS is withholding its 1% proxy voting block of 9.6 million shares from re-electing Bank of America's compensation committee members. The bone of contention is a $76 million compensation package awarded in 1999 to Bank of America Chief Executive Hugh McColl.

CIEBA Move Months in the Making

May 11, 2000 (PLANSPONSOR.com) - CIEBA, an organization representing large corporate pension funds, Wednesday announced that it has affiliated with the Association for Financial Professionals (AFP), formerly the Treasury Management Assocation. The move, effective June 1, means that CIEBA will leave the Financial Executives Institute (FEI).

WestAM Lands Gulfstream Global

November 9, 2000 (PLANSPONSOR.com) - European acquisitions of US money managers continue, as WestAM lands US asset manager Gulfstream Global Investors.

In Sign of Times, Choice Debuts in Florida

May 8, 2000 (PLANSPONSOR.com) - Signalling a trend, Florida lawmakers Friday approved a bill to allow public workers a choice between their traditional defined benefit pension plan and a 401(k)-style plan.