Latest News

Benefits |

DOL Will Sit Out AOL Case

October 30, 2001 (PLANSPONSOR.com) - The Labor Department, citing limited resources, has decided not to weigh in on a lawsuit by AOL "volunteers" who claim they were entitled...
Benefits |

Companies Stay the Course on Compensation

October 30, 2001(PLANSPONSOR.com) - Large US companies are making few major changes to their existing compensation programs, reducing their merit increase budget only slightly, and taking a wait-and-see...
Investing |

European Exchange Consolidation To Continue

October 30, 2001(PLANSPONSOR.com) - Technological advances and the globalization of capital markets will force European stock exchanges to consolidate, resulting in a single pan-European clearing-house by 2006, according...
Benefits |

Americans Use PCs for Personal Finance

October 29, 2001 (PLANSPONSOR.com) - An overwhelming 93% of households with computers now have Internet access, and almost a third of these use their PCs to manage their...
Benefits |

Chao Schedules 2002 SAVERS Summit

October 29, 2001 (PLANSPONSOR.com) - US Secretary of Labor Elaine Chao has scheduled the second of the three National Summits on Retirement Savings for early next year.
Investing |

Boots Walks Away From UK Equities

October 29, 2001 (PLANSPONSOR.com) - Over the past 18 months, UK retailer Boots PLC has shifted its entire £2.3 billion ($3.31 billion) defined benefit portfolio away from equities...
Investing |

Funds Flee Mutual Funds in September

October 29, 2001 (PLANSPONSOR.com) - Financial Research Corp. reports that 17 of the 25 largest mutual fund companies saw net withdrawals from their stock and bond funds in...
Investing |

Consultant Releases Plan Sponsor SRI Guide

October 29, 2001 (PLANSPONSOR.com) - SRI World Group, a financial consulting firm, has published a guide on socially responsible investment strategies for institutional investors.
Benefits |

US Companies Shell Out More for Training

October 26, 2001 (PLANSPONSOR.com) - US organizations will spend nearly $57 billion on training this year, up 5% from the $54 billion spent last year, according to Training...
Investing |

Barclays Introduces ETFs

October 26, 2001 (PLANSPONSOR.com) - Barclays Global Investors has announced that three international regional iShares exchange funds (ETFs) have begun trading on the American Stock Exchange.
Investing |

Sept. Mass Layoffs Rise 41% on Year

October 26, 2001 (PLANSPONSOR.com) - Some 1,316 mass layoff events, involving 50 or more employees, occurred in September, according to the Bureau of Labor Statistics.
Investing |

Unemployment Lines Longest in 18 Years

October 25, 2001(PLANSPONSOR.com) - The number of Americans remaining on the unemployment rolls in the week ending October 13, the latest week for which data is available, surged...
Deals and People |

FASB's Chairman to Retire

October 25, 2001 (PLANSPONSOR.com) - Edmund Jenkins, chairman of the Financial Accounting Standards Board (FASB), will retire at the end of his five-year term on June 30 next...
Deals and People |

SEC Names Cutler Top Cop

October 25, 2001 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has appointed Stephen Cutler as Enforcement Director.