Boomers in Line for $8T in Inheritance
December 14, 2010 (PLANSPONSOR.com) – Baby Boomers will inherit $8.4 trillion at 2009 levels, with a $64,000 median and $2.4 trillion already having been received.
Administration
Mood Brightens Among Money Managers
December 14, 2010 (PLANSPONSOR.com) – Money managers participating in a new Russell Investments poll appear confident in the global economy and its ability to sustain the U.S. equity...
Business Owners not Acting on Lessons Learned from Recession
December 14, 2010 (PLANSPONSOR.com) - New research from the Principal Financial Group finds business protection is the number one business priority of company owners, surpassing health insurance.
CalPERS Sets New Asset Allocation Strategy
December 14, 2010 (PLANSPONSOR.com) – The nation’s largest public pension plan has adopted a new asset allocation strategy it says will position it for better...
CalPERS Placement Agent Recommendations Include Risk Oversight
December 13, 2010 (PLANSPONSOR.com) - The California Public Employees Retirement System (CalPERS) Board of Administration received recommendations from the special review the system initiated to investigate the use...
Illinois TRS to Seek TIPS Manager
December 10, 2010 (PLANSPONSOR.com) - The Board of Trustees of the Illinois Teachers’ Retirement System has authorized a search for an external investment manager to...
TRS Approves Performance Incentive Awards for Staff
December 10, 2010 (PLANSPONSOR.com) - The Teacher Retirement System of Texas (TRS) Trust Fund earned 12.6% for the plan year ending September 30.
Fewer Companies Putting Employer Stock in DB Plans
December 10, 2010 (PLANSPONSOR.com) – According to a recent Towers Watson analysis, the overall trend has been away from holding company securities as pension assets.
New Sunshine State Leader Pushing Pension Cutbacks
December 10, 2010 (PLANSPONSOR.com) – Florida Governor-elect Rick Scott wants to cut $1.4 billion from 2011 taxpayer contributions to the public employee pension program.
India Wealth Management Market Poised for Growth
December 10, 2010 (PLANSPONSOR.com) – The growth in India’s organized wealth management sector has produced a major opportunity for providers, which has led to the evolution of business...
Bringing on Foreign Directors Has its Challenges
December 9, 2010 (PLANSPONSOR.com) – More than half of non-national foreign directors who serve on boards stated they joined because they respect the CEO of the company, according...
New Jerseyans Have More Rainy Day Funds
December 9, 2010 (PLANSPONSOR.com) – New Jersey took the top spot in three key measures of financial capability, according to research released by the FINRA Investor Education Foundation.
Investment Account Closures Increased
December 9, 2010 (PLANSPONSOR.com) – A new survey by Cogent Research finds 13% of affluent Americans closed at least one investment account in the last year, more than...
Asset Fees for Most Alternatives Dropping
December 9, 2010 (PLANSPONSOR.com) – Asset management fees for most non-traditional asset classes have fallen following increased scrutiny from cost-conscious investors, according to a report by Mercer.
Public Fund Groups Tell Washington: “Back Off!”
December 8, 2010 (PLANSPONSOR.com) – A plethora of state and local government associations has taken issue with recent federal legislation introduced regarding public pension reporting.
Revised Lehman Stock Drop Suit Unsealed
December 8, 2010 (PLANSPONSOR.com) – Ex-Lehman Brothers CEO Richard Fuld and other Lehman executives kept secret their use of Repo 105, a method of financing allegedly designed to...
Pension Funding Sees Slight Uptick in November
December 7, 2010 (PLANSPONSOR.com) - Assets declined less than liabilities at the typical U.S. corporate pension plan in November resulting in a funded status of 80.5%, according to...
Study Finds UK, US Sponsors Have Different Pension Risk Priorities
December 7, 2010 (PLANSPONSOR.com) – A new report indicates that while US and UK plan sponsors are taking a broad view of pension risk, US...
SPARK Finds Support for Lifetime Income Info Standards
December 6, 2010 (PLANSPONSOR.com) – More than 85% of the recordkeeping firms responding to a SPARK Institute poll said they plan to utilize the Institute’s information sharing standards...
JPMorgan Chase Sued over Madoff Fraud
December 3, 2010 (PLANSPONSOR.com) - The trustee charged with liquidating Bernard Madoff's investment firm has brought a $6.4 billion suit against JPMorgan Chase.