529 Assets Reach $138B in Q4 2010
February 28, 2011 (PLANSPONSOR.com) - Total 529 savings plan assets increased to an estimated $138 billion as of 4Q10, reflecting an 8.2% increase from 3Q10 assets of $128...
Administration
RI Announces Pension and Investments Appointments
February 25, 2011 (PLANSPONSOR.com) – Rhode Island General Treasurer Gina M. Raimondo announced three new staff members in the areas of policy, operations and pensions.
Illinois TRS to Launch Fixed Income Investment Manager Search
February 25, 2011 (PLANSPONSOR.com) – The Illinois Teachers’ Retirement System board has decided to launch a nationwide search for a money management firm to oversee system investments in...
SEC Looking into RI Bond Transactions
February 25, 2011 (PLANSPONSOR.com) - The Rhode Island General Treasurer's office says the U.S. Securities and Exchange Commission has asked for a list of all bond transactions from...
OK Lawmakers Approve Pension COLA Funding Measure
February 25, 2011 (PLANSPONSOR.com) – The Oklahoma state House has approved a bill mandating that lawmakers identify the funds to pay for state pension cost-of-living adjustments before they...
Commission Calls for Hybrid Plan for CA Government Workers
February 25, 2011 (PLANSPONSOR.com) - The Little Hoover Commission, an oversight agency on California State Government Organization and Economy, has urged the Governor and the Legislature to establish...
CA Lawmakers Propose End to DB and Collective Bargaining
February 23, 2011 (PLANSPONSOR.com) - Traditional pensions would be eliminated for newly hired state workers and collective bargaining for retirement benefits would end under new bills proposed by...
ERIC Urges Exclusion of Benefit Plans from Swap Regs
February 23, 2011 (PLANSPONSOR.com) – In comments on swap regulations under the Dodd-Frank financial reform bill, the ERISA Industry Committee (ERIC) asked for special considerations for employee benefit...
Survey Finds Companies Increasing D&O Liability Limits
February 22, 2011 (PLANSPONSOR.com) - Driven by the potential for litigation from a broad range of constituents and a heightened concern over the threat of regulatory investigations, more...
Survey Claims Better Results from Participant Advice
February 22, 2011 (PLANSPONSOR.com) – The sampling size was small, but a recent study found that participants who got financial advice held more funds, and enjoyed a higher...
SIFMA Cautions on Proposed Swap Rule Changes
February 22, 2011 (PLANSPONSOR.com) – A trade group has weighed in with concerns about proposed changes in the rules on business conduct standards for swap...
Public Fund CIOs Weigh in on Swaps Regulation
February 22, 2011 (PLANSPONSOR.com) – The investment chiefs of some of the nation’s largest public pension funds have expressed concerns about proposed regulations regarding swaps.
Improved Funding Required for COLA under OK Pension Measure
February 18, 2011 (PLANSPONSOR.com) - Legislation designed to put state pension plans on better financial footing was approved by an Oklahoma House committee.
FINRA Slaps Lincoln Companies with $600K in Fines
February 17, 2011 (PLANSPONSOR.com) – The Financial Industry Regulatory Authority (FINRA) has fined Lincoln Financial Securities, Inc. (LFS) and Lincoln Financial Advisors Corporation (LFA) for not adequately protecting...
SEC Probe into Detroit Pensions Reported Getting Bigger
February 17, 2011 (PLANSPONSOR.com) – The U.S. Securities and Exchange Commission (SEC) is pursuing a broadened probe focusing on the city of Detroit's two public pension plans, according...
CalPERS Approves Placement Agent Policy Additions
February 17, 2011 (PLANSPONSOR.com) –The California Public Employees’ Retirement System (CalPERS) Board of Administration has approved a series of measures officials said further strengthen the fund's policies on...
ETF Providers Settle Ticker Dispute
February 16, 2011 (PLANSPONSOR.com) - Invesco PowerShares and Select Sector SPDRs have come to terms over a trademark suit filed last year.
Uncommitted Private Equity Assets Could Prove Problematic
February 16, 2011 (PLANSPONSOR.com) – Private equity investors need to be aware of a potential problem in how the industry puts to work a balance of capital committed...
Derivatives Rules Could Hurt Pensions
February 16, 2011 (PLANSPONSOR.com) - The American Benefits Council and the Committee on Investment of Employee Benefit Assets (CIEBA) contend the Dodd-Frank financial reform process is moving too...
Pension Funding Has Modest Muni Bond Cost Impact
February 15, 2011 (PLANSPONSOR.com) – A new study analyzing 37,500 state and local government bond issues found that pension funding raises rates by a modest 3 to 7...