Latest News

Benefits |

Harrods joins UK DB to DC Trend

February 2, 2006 (PLANSPONSOR.com) - Just as a continuing stream of US firms are freezing their defined benefit pension in favor of a defined contribution program, a similar...
Compliance |

EBSA Changes Prohibited Class Transaction Rules

February 2, 2006 (PLANSPONSOR.com) - The US Department of Labor's Employee Benefits Security Administration (EBSA) has put out two amendments to class exemptions allowing plans to conduct transactions...
Administration |

Study: Retirees "Hoard" Savings

February 26, 2004 (PLANSPONSOR.com) - Most retirees are trying to stay afloat financially by relying on Social Security and pension payments without dipping into their retirement savings, a...
Administration |

AIG: We Have SEC, Spitzer Subpoenas

February 14, 2005 (PLANSPONSOR.com) -American International Group (AIG), the world's largest insurer by market value Monday disclosed that state and federal regulators have subpoenaed firm records regarding products...
Administration |

12b-1 Fees Will Not Go Way of Dinosaur

February 26, 2004 (PLANSPONSOR.com)—Orlando, Florida—Even if 12b-1 fees are eliminated, the money will still be paid out to brokers and recordkeepers, although payments might take place under a...
Deals and People |

Mellon Names New DC Head

February 2, 2006 (PLANSPONSOR.com) - Mellon Financial Corporation has announced that Robert Capone has joined Mellon Asset Management as Head of Defined Contribution (DC).
Products |

Firm Announces Fiduciary Oversight Program

February 2, 2006 (PLANSPONSOR.com) - Security Benefit has unveiled a new single-source retirement savings program for plan sponsors that incorporates automatic fiduciary oversight through built-in governance and management...
Administration |

Report: MFS Likely to Escape Trading Charges

January 26, 2004 (PLANSPONSOR.com) - Massachusetts Financial Services Co. (MFS) will apparently escape being formally charged with illegal late trading because securities regulators could not amass enough evidence,...