Funded Status of Corporate Pensions Improves
July 11, 2013 (PLANSPONSOR.com) – The funded status of corporate pensions improved in June by $47 billion.
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Pension Annuitization Attractiveness on the Rise
July 11, 2013 (PLANSPONSOR.com) – The Dietrich Pension Risk Transfer Index, which tracks the relative attractiveness of annuitizing pension liabilities, increased during June.
IRS Asks for Voluntary Compliance with Delayed ACA Provisions
July 11, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) issued a formal notice about the delay in implementation of certain employer requirements under the Affordable Care Act...
F-Squared Names Retirement Unit President
July 11, 2013 (PLANSPONSOR.com) – Paul Gamble was appointed managing director and president of retirement solutions at F-Squared, an investment management firm in Newton, Massachusetts.
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CalPERS Delays Release of Pension Database
July 11, 2013 (PLANSPONSOR.com) – CalPERS will delay the launch of an online database that will disclose information about its retirees and their pension payments.
Ascende Names Director of Administration Consulting
July 11, 2013 (PLANSPONSOR.com) – Ascende, Inc., a human resources strategies firm, named Nancy Cox director of administration consulting.
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SunTrust Adds Employee Income Projection Tools
July 11, 2013 (PLANSPONSOR.com) – SunTrust Banks, Inc. has added retirement income projection tools to its institutional 401(k) offerings.
IRS to Discuss Plan Corrections and Audits
July 10, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) will host phone forums discussing 401(k) plan corrections and audits.
ETF Assets Decrease During June
July 10, 2013 (PLANSPONSOR.com) – Exchange-traded fund (ETF) assets decreased by $59.7 billion, or 4%, in June.
DOL Revises Definition of Rating Agency
July 10, 2013 (PLANSPONSOR.com) – Morningstar Credit Ratings, LLC, is now qualified as a “Rating Agency” as defined by the U.S. Department of Labor (DOL).
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Vanguard Offers Interactive Tools for Participants
July 10, 2013 (PLANSPONSOR.com) – Vanguard is offering retirement plan participants interactive graphics to help them make key decisions.
Bill Would Overhaul Public Pension System
July 10, 2013 (PLANSPONSOR.com) – U.S. Senator Orrin Hatch, R-Utah, introduced a bill that would overhaul the existing public pension system.
BNY Mellon FOREX Suit Dismissed
July 10, 2013 (PLANSPONSOR.com) – A federal court has dismissed a lawsuit against former and current officers of BNY Mellon regarding foreign exchange (FOREX) transactions.
SEC Closes Investigation of RI Pension Disclosures
July 10, 2013 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has completed its investigation of Rhode Island’s pension financial disclosures and will not pursue any enforcement action.
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Investment Menu Simplification on Sponsors' To-Do Lists
July 11, 2013 (PLANSPONSOR.com) – More retirement plan sponsors are looking to simplify their plans' investment menus.
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New Nuveen Funds Managed by Bob Doll
July 10, 2013 (PLANSPONSOR.com) - Nuveen Investments announced the availability of a new suite of large cap equity mutual funds.
DOL Files Brief in RJR Stock Drop Case
July 9, 2013 (PLANSPONSOR.com) – Acting Secretary of Labor Seth D. Harris is asking an appellate court to reverse its ruling for a case that upheld an employer’s...
ASPPA Supports Forfeitures to Fund Safe Harbor Contributions
July 9, 2013 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) sent a comment letter to the Internal Revenue Service (IRS) regarding the use of...
Hartford Investment Management Announces Hires
July 9, 2013 (PLANSPONSOR.com) - Hartford Investment Management Company (HIMCO) hired two institutional sales representatives and a consultant relations head.
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Workers Prefer Face-to-Face Training
July 9, 2013 (PLANSPONSOR.com) - One-third (33%) of workers polled identified in-house, instructor-led workshops as the type of professional training they value most.