Latest News

Administration |

Pension Fund Sues AIG Over Losses

September 18, 2008 (PLANSPONSOR.com) - A public pension fund has sued the chief executive and board of American International Group (AIG), accusing them of mismanagement and "grossly imprudent...
Administration |

Market Turmoil Sparks Putnam Fund Shuttering

September 18, 2008 (PLANSPONSOR.com) - Faced with extraordinary market volatility that created "significant redemption pressure," the Board of Trustees for the Putnam Funds on Thursday closed the institutional...
Investing |

Bailed-Out AIG Loses Spot on the Dow

September 18, 2008 (PLANSPONSOR.com) - Kraft Foods Inc. (KFT) will replace American International Group Inc. (AIG) in the Dow Jones Industrial Average, effective with the opening of trading...
Investing |

Bailed-Out AIG Loses Spot on the Dow

September 18, 2008 (PLANSPONSOR.com) - Kraft Foods Inc. (KFT) will replace American International Group Inc. (AIG) in the Dow Jones Industrial Average, effective with the opening of trading...
Products |

Latest PowerShares ETFs in Commodities Space

September 17, 2008 (PLANSPONSOR.com) - Invesco PowerShares Capital Management has unveiled four new equity ETFs designed to provide access to companies involved in the agriculture, coal, gold and...
Compliance |

IRS Eases Pre-Approved Plans Letter Procedure

September 17, 2008 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) on Wednesday announced it had decided to relax previously announced restrictions on how the agency would issue opinion...
Investing |

Weak Equities Hurt Health Care Non-Profits

September 16, 2008 (PLANSPONSOR.com) - The average annual total return on investable assets for FY2007 for nonprofit health care organizations participating in the 2008 Commonfund Benchmarks Study of...
Benefits |

Equifax Latest to go DB Freeze Route

September 16, 2008 (PLANSPONSOR.com) - Declaring that 401(k) plans are "increasingly becoming the standard retirement offering by employers," Equifax has announced it is freezing its defined benefit plan...
Products |

Invesco PowerShares Releases Biotech ETF

September 16, 2008 (PLANSPONSOR.com) - Invesco PowerShares Capital Management LLC, announced the PowerShares Global Biotech Portfolio will begin trading Thursday, on the Nasdaq Stock Market.
Products |

STOXX Licenses Benchmarks for ETF Use

September 16, 2008 (PLANSPONSOR.com) - STOXX Ltd., has licensed the Dow Jones STOXX 600 Basic Resources, Dow Jones STOXX 600 Oil & Gas, and Dow Jones STOXX 600...
Compliance |

GAO Calls for Simplified IRA Rules

September 16, 2008 (PLANSPONSOR.com) - A Congressional watchdog agency has recommended the Internal Revenue Service (IRS) simplify its IRA rules so more people can take advantage of the...