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Benefits | July 7th, 2010

Outsourcing Firm Accused of Diverting Money from ERISA Plans

July 7, 2010 (PLANSPONSOR.com) – Federal officials are investigating Franklin, Tennessee-based Sommet Group for allegations of stealing and embezzling money intended for employee benefit plans.

Administration | July 7th, 2010

PA Governor Signs Divestiture Bill

July 7, 2010 (PLANSPONSOR.com) – Pennsylvania Governor Edward G. Rendell has signed into law a bill providing for divestiture from investments in companies doing business in Iran and...

Products | July 7th, 2010

J. P. Morgan Enhances GASB Reporting Capabilities

July 7, 2010 (PLANSPONSOR.com) - J.P. Morgan Worldwide Securities Services has enhanced its regulatory reporting capabilities to help clients prepare new financial statement derivative disclosures.

Compliance | July 6th, 2010

Morgan Stanley Adviser Suits Dismissal Upheld

July 6, 2010 (PLANSPONSOR.com) – A federal judge was right when he threw out lawsuits against two Morgan Stanley advisers alleging the advisers improperly told groups of...

Compliance | July 6th, 2010

CPA Disbarred for Failure to Exercise Due Diligence

July 6, 2010 (PLANSPONSOR.com) – A CPA has been disbarred after the government found he failed to exercise due diligence in preparing tax returns for a corporation and...

Administration | July 6th, 2010

Pension Funding Dropped 15% in Q210

July 6, 2010 (PLANSPONSOR.com) - Legal & General Investment Management America’s (LGIMA) inaugural Pension Fiscal Fitness Monitor, a quarterly estimate of the overall health of a typical U.S....

Administration | July 6th, 2010

Hedge Fund Managers Expect to Bounce Back

July 6, 2010 (PLANSPONSOR.com) - Results of a recent survey suggest that the hedge fund industry continues to steadily recover from the global market crisis that began in...

Investing | July 6th, 2010

Participants’ Move to Fixed Income Slows

July 6, 2010 (PLANSPONSOR.com) - 401(k) participants transferred monies from equities into fixed income investments for the second consecutive month in June, according to the results of the...

Products | July 6th, 2010

TIAA-CREF Tapped for CA County Plan

July 6, 2010 (PLANSPONSOR.com) – Officials in Orange County, California, have picked TIAA-CREF as the sole provider for the defined contribution part of a new hybrid defined...

Deals and People | July 6th, 2010

Ho Starts at Sentinel Investments

July 6, 2010 (PLANSPONSOR.com) – Stacey Ho has joined Sentinel Investments as vice president and co-portfolio manager of Sentinel International Equity Fund, the Montpelier, Vermont, company announced.

Deals and People | July 6th, 2010

BNY Mellon Introduces Global Financial Institutions Group

July 6, 2010 (PLANSPONSOR.com) - BNY Mellon Asset Servicing has established a new Global Financial Institutions (GFI) group focused on supporting the future needs and growth plans of...

Products | July 6th, 2010

OvaCurrus Announces New Strategy for Lifetime Income

July 6, 2010 (PLANSPONSOR.com) - OvaCurrus LLC, a product design and strategy consulting firm, announced a methodology to deliver sustainable, inflation adjusted, lifetime retirement income for 401(k) and IRA...

Compliance | July 6th, 2010

DoL Announces Prohibited Transaction Exemption Amendment

July 6, 2010 (PLANSPONSOR.com) – Financial institutions are now allowed to act as qualified professional asset managers (QPAM) for their plans, as a result of a recently...

Benefits | July 6th, 2010

Emerson Poynter LLP Probes BP Plan Practices

July 6, 2010 (PLANSPONSOR.com) – Yet another law firm is poking around to see if there might be a fiduciary breach at the BP 401(k)...

Administration | July 2nd, 2010

American Airlines Announces Pension Hard Drive Theft

July 2, 2010 (PLANSPONSOR.com) –The parent company of American Airlines announced on Friday that a computer hard drive kept by its pension department that contained personal information...

Compliance | July 2nd, 2010

Beneficiary Choice Driven by Change Form Signing

July 2, 2010 (PLANSPONSOR.com) – A now-deceased life insurance plan participant effectively changed his beneficiary designation from his ex-spouse to his new wife when he and the...

Benefits | July 2nd, 2010

Woman Walks off with $113K Jury Award against Lucas

July 2, 2010 (PLANSPONSOR.com) – A San Francisco woman who says Lucasfilm Ltd. canceled a job offer after learning she was expecting a child has won a $113,830...

Compliance | July 2nd, 2010

NY Court Beats Back Age-Related Firing Challenge

July 2, 2010 (PLANSPONSOR.com) – A New York state appellate court has ruled that a 62-year-old executive located in Atlanta can’t challenge his firing under Empire State...

Products | July 2nd, 2010

S&P Unveils CDS Indexes

July 2, 2010 (PLANSPONSOR.com) –Standard & Poor's has launched a series of credit default swap sector indexes.

Compliance | July 2nd, 2010

WI High Court Upholds Ban on Same-Sex Marriage

July 2, 2010 (PLANSPONSOR.com) - The Wisconsin Supreme Court has unanimously upheld a ban on same-sex marriage and civil unions.