No Load Shares Dominate Fund Sales
May 31, 2011 (PLANSPONSOR.com) - No Load share classes, particularly those without 12b-1 fees, have grown to become the single most important share class in mutual fund sales...
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Russell Investments Launches 10 Factor ETFs
May 31, 2011 (PLANSPONSOR.com) – Russell Investments has launched what it says is the first comprehensive series of Factor ETFs, designed to help investors manage five significant risk...
J.P. Morgan Appoints CEO of Worldwide Securities Services
May 31, 2011 (PLANSPONSOR.com) - J.P. Morgan announced the appointment of Dinkar Jetley to the position of CEO of its Worldwide Securities Services (WSS) business.
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Arthur J. Gallagher Acquires Independent Fiduciary Services
May 31, 2011 (PLANSPONSOR.com) - Independent Fiduciary Services, Inc. has joined GBS Investment Consulting, LLC. (GBS IC), the investment advisory subsidiary of Arthur J. Gallagher & Co.
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New York Life Launches Guaranteed Interest Pension Account
May 31, 2011 (PLANSPONSOR.com) - New York Life Investments has developed a new service, the Guaranteed Interest Pension Account (GPA), that helps mid- and large-size corporate pension plan...
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NJ Law Targets Job Ads That Discourage Unemployed
May 31, 2011 (PLANSPONSOR.com) – A new law takes effect tomorrow that prohibits employers from publishing job vacancy advertisements that discourage the unemployed from applying.
Study Says Committee Styles Mirror Members
May 31, 2011 (PLANSPONSOR.com) – The vast majority of investment committee members surveyed said they prefer a democratic approach.
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Former Baltimore School System Employee Files Bias Suit
May 31, 2011 (PLANSPONSOR.com) - A former Baltimore school system employee has filed a $1.3 million racial discrimination lawsuit, claiming he was targeted and fired by black managers...
IL Civil Union Law Affect on “Church” Plans
May 31, 2011 (PLANSPONSOR.com) - On June 1, 2011, people in Illinois will be allowed to enter into Civil Unions.
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IRS Focusing on Executive Compensation for Non-Profits
May 31, 2011 (PLANSPONSOR.com) - The biggest area of IRS audit concentration regarding noncompliance related to governance issues for tax-exempt groups is executive compensation, according to IRS Director...
Public Pension Funding and Valuation Methods Vary Globally
May 31, 2011 (PLANSPONSOR.com) – The valuation and disclosure of public pension promises in some countries lacks transparency, which may be hiding potentially huge fiscal liabilities that are...
Markets Narrow S&P 500 Pension Funding Gap
May 27, 2011 (PLANSPONSOR.com) – While the global market rebound in 2010 was certainly a welcome respite for pension funding, it didn’t do much to...
PBGC Board Approves New Investment Policy
May 27, 2011 (PLANSPONSOR.com) - The Board of Directors of the Pension Benefit Guaranty Corporation has unanimously adopted a new investment policy, though it’s not...
Appellate Court Denies Rehearing of Kraft Fee Suit
May 27, 2011 (PLANSPONSOR.com) – The 7th U.S. Circuit Court of Appeals has denied a petition to rehear a case alleging Kraft Foods breached its fiduciary duties under...
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IL House Panel Approves Choice in Public Sector Pensions
May 27, 2011 (PLANSPONSOR.com) - The Illinois House Personnel and Pensions Committee approved legislation that would give existing teachers and state employees a choice of three retirement plans...
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TEXPERS Survey Finds Support for DB Plans
May 27, 2011 (PLANSPONSOR.com) – A survey commissioned by the Texas Association of Public Employee Retirement Systems found Texas voters who are 401(k) holders view defined benefit retirement...
Retirement Plan Tax Benefits Decreased Household Stock Ownership
May 27, 2011 (PLANSPONSOR.com) - A new study from the Stanford Graduate School of Business shows that household stock ownership decreases as the tax benefits associated with owning...
Lifetime Income Options Scheduled for Review by IRS
May 27, 2011 (PLANSPONSOR.com) – Proposed regulations for lifetime income options in retirement plans are part of Internal Revenue Service regulatory actions and other rulemaking projects that are...
High Court Upholds AZ Law on Hiring Unauthorized Workers
May 27, 2011 (PLANSPONSOR.com) - The U.S. Supreme Court has upheld an Arizona law that penalizes employers who knowingly hire unauthorized foreign workers.
Investors Globally Put Trust Back in Equities
May 27, 2011 (PLANSPONSOR.com) - Year-to-date cash contributions through April 2011 to equity and mixed funds globally surpassed fixed income for the first time since the financial crisis,...