KY Governor’s Actions with Pension Systems Questioned
May 25, 2011 (PLANSPONSOR.com) – Following reviews of the roles of placement agents with Kentucky’s retirement systems, some actions of Governor Steve Beshear are being questioned.
Administration
Income Annuity Holders Could Use More Information
May 24, 2011 (PLANSPONSOR.com) - Financial advisers and their clients would benefit from receiving more precise information about their existing immediate income annuity contracts, according to a new...
Most IRA Assets in Equities
May 24, 2011 (PLANSPONSOR.com) - New research from the Employee Benefit Research Institute (EBRI) IRA Database finds that almost 40% of IRA assets are invested in equities, just...
FTSE Finds Four-Fold Growth in ESG Investments over Decade
May 24, 2011 (PLANSPONSOR.com) - A new report, “FTSE4Good: 10 years of impact & investment” finds almost a four-fold growth in ESG investments over the decade to $10.1...
Another Sentenced in NY Pension Pay-to-Play Probe
May 24, 2011 (PLANSPONSOR.com) - The former boss of New York's Liberal Party has been sentenced to a conditional discharge for his role in a pay-to-play scandal involving...
FINRA Fines Nuveen $3M over Auction Rate Securities Marketing
May 23, 2011 (PLANSPONSOR.com) - The Financial Industry Regulatory Authority (FINRA) has fined Nuveen Investments, LLC $3 million for creating misleading marketing materials used in sales of auction...
Report Says It May be Time to Consider Real Assets
May 23, 2011 (PLANSPONSOR.com) – A new report from State Street’s SPDR University suggests that, with rising food and gas prices slowly beginning to push inflation higher, investors...
Institutional Demand for ETFs Increasing
May 23, 2011 (PLANSPONSOR.com) - Institutional investors are increasingly bullish on using exchange-traded funds (ETFs) in their portfolios, according to a new study.
Small Number of Blockbuster Products Gain Most of Assets
May 23, 2011 (PLANSPONSOR.com) – Institutional asset holders since the financial crisis, in a back-to-basics environment, are selecting fewer strategic partners and even fewer products, according to a...
Small Cap Dominates Institutional Product Performance in Q1 2011
May 23, 2011 (PLANSPONSOR.com) - Investment Metrics’ (IM) analysis of approximately 6,200 institutional separate account composites and commingled fund products finds the U.S. Small Cap category topped the...
NJ Approves Increase in Alternative Investments
May 23, 2011 (PLANSPONSOR.com) - The New Jersey State Investment Council voted to increase how much the state’s pension system may put into alternative investments in the next...
Illinois TRS Reports 23% Increase in Assets Since 2009
May 20, 2011 (PLANSPONSOR.com) - The Illinois Teachers’ Retirement System Board of Trustees reported total assets of $37.3 billion at the end of March 2011, a 23% increase...
529 Plan Assets Increase Nearly 6% in Q1 2011
May 20, 2011 (PLANSPONSOR.com) - Total 529 savings plan assets increased to an estimated $146 billion as of 1Q11, reflecting a 5.8% increase from 4Q10 assets of $138...
Graduates Advise Saving Early for College Costs
May 20, 2011 (PLANSPONSOR.com) - According to the Fidelity Cost-Conscious College Graduates Survey, while two-thirds (66%) of the Class of 2011 who are graduating with debt say the...
CT Town Wants Court to Allow Claims for Madoff Losses
May 20, 2011 (PLANSPONSOR.com) - Lawyers representing Fairfield, Connecticut, have asked the state's Appellate Court to reverse a lower court ruling that the town cannot make claims for...
NH Repeals Retirement System Sudan Divestiture Law
May 20, 2011 (PLANSPONSOR.com) – New Hampshire Governor John Lynch has signed into law a bill repealing the state law requiring the divestiture of retirement system assets from...
Asset Management Margins Down Slightly
May 18, 2011 (PLANSPONSOR.com) - Based on the earnings results of publicly-traded asset managers, kasina found that overall, the first quarter of 2011 witnessed a slight drop in...
Number of Green Zone Multi-Employer Plans Increased
May 18, 2011 (PLANSPONSOR.com) – The proportion of green zone multi-employer pension plans continues to increase, according to The Segal Company’s Survey of Calendar-Year Plans’ 2011 Zone Status.
Manager Search Activity Down Slightly in the U.S. in 2010
May 17, 2011 (PLANSPONSOR.com) – Bucking the global trend, in the U.S., investment manager searches were down slightly (6%), according to data released by Mercer.
CalPERS Develops Divestment Plan for Remaining Iran, Sudan Holdings
May 17, 2011 (PLANSPONSOR.com) – The nation’s largest public pension plan has developed a plan to divest its holdings of stocks in companies doing business...