Bank of America Staves Off Most Countrywide Charges
November 5, 2010 (PLANSPONSOR.com) - Bank of America Corp has won the dismissal of a lawsuit by investors who claimed its Countrywide unit misled them...
Administration
IndyMac Stock Drop Suit Draws Settlement Pact
November 4, 2010 (PLANSPONSOR.com) – Lawyers involved in a stock drop lawsuit against IndyMac Bancorp have announced a $7-million settlement.
Groups Say SEC Rule 12b-2 Should not Interfere with Payment for Services
November 3, 2010 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) and the Council of Independent Recordkeepers (CIKR) asked federal regulators to consider the impact...
October DB Plan Funded Status at 80.3%
November 3, 2010 (PLANSPONSOR.com) – A second straight month of strong equity returns combined with declining liabilities drove the October 2010 funded status for the typical U.S. corporate...
DB Plans See Deficits Decrease in October
November 2, 2010 (PLANSPONSOR.com) - The deficit in pension plans sponsored by S&P 1500 companies decreased by $56 billion to $373 billion at the end of October according...
Towers Watson Suggests Asset Allocation Approach for Nonprofits
November 2, 2010 (PLANSPONSOR (b)lines) – A new report from Towers Watson uses the lessons learned from the economic downturn to put forth a new approach to asset...
IL Teachers System Earnings Beat Expectations for Fiscal 2010
November 1, 2010 (PLANSPONSOR.com) - Investments of the Teachers’ Retirement System (TRS) of Illinois posted a 13.5% rate of return during fiscal year 2010.
No 401(k) Match Changes Planned
November 1, 2010 (PLANSPONSOR.com) – Eighty-four percent of corporate finance officials say they plan no change to their 401(k) match, up 10% from six months earlier, while 10%...
SI Report Describes Future Fund Distribution Landscape
October 27, 2010 (PLANSPONSOR.com) – A new study of global fund distribution features by Strategic Insight (SI) says the future holds a reduced number of blockbuster funds in...
Former San Diego Officials Settle with SEC on Bond Sale Charges
October 27, 2010 (PLANSPONSOR.com) - Four former San Diego city officials have reached an agreement with the Securities and Exchange Commission to settle allegations that they misled investors...
Investor Relations Units Connecting with Hedge Funds, SWFs
October 25, 2010 (PLANSPONSOR.com) – Companies worldwide are adapting their investor relations (IR) strategies to reach out to hedge funds and sovereign wealth funds, according to a BNY...
SEC Working to Improve Complaint Handling
October 25, 2010 (PLANSPONSOR.com) – The Securities and Exchange Commission is working to have new technology to handle tips and complaints in place by the end of the...
State Street Q210 PE Index Loses Ground
October 22, 2010 (PLANSPONSOR.com) – The State Street Private Equity Index for the quarter ended June 30, 2010, posted a 0.65% return, 157 basis points lower than the...
NJ Pension Fund Negotiating Asset Manager Fee Cuts
October 22, 2010 (PLANSPONSOR.com) - New Jersey’s $70.2-billion state public pension fund is negotiating reductions in fees and expenses for private managers after paying $125 million last year,...
CalPERS and CIM Group Renew Relationship
October 22, 2010 (PLANSPONSOR.com) – The California Public Employees’ Retirement System (CalPERS) has entered into a letter agreement with CIM Group designating CIM as a strategic investment manager...
DoL Sues Money Managers over Plans’ Madoff Losses
October 21, 2010 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has accused four money management firms of violating their fiduciary duties by causing hundreds of millions of...
North American Pensions See Marginal Funding Improvement in Q310
October 21, 2010 (PLANSPONSOR.com) - Pension funded status for U.S. plans showed a marginal improvement in the third quarter, increasing from 80% to 82%, according to a new...
SEC Reported Probing City of Bell Bond Sales
October 20, 2010 (PLANSPONSOR.com) – Federal securities regulators are investigating bonds issued by the city of Bell, California, which has been caught up in a public pay and pensions...
Raising Contributions not the Solution to CA’s Pension Funding Crisis
October 19, 2010 (PLANSPONSOR.com) – A new study suggests that raising employee contributions alone will not solve California’s growing pension funding crisis.
Investors Don’t See Double-Dip Downturn
October 14, 2010 (PLANSPONSOR.com) – Sixty-eight percent of institutional investors believe a double-dip recession is unlikely, according to a Northern Trust Global Advisors (NTGA) poll.