Aon, Hewitt Complete Merger
October 1, 2010 (PLANSPONSOR.com) – As expected, Aon Corporation today completed its merger of Hewitt Associates, Inc. with a subsidiary of Aon, creating Aon Hewitt.
Administration
Regulators Release Flash Crash Probe Report
October 1, 2010 (PLANSPONSOR.com) – A trading firm’s use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average dropping...
SEC Charges Two in State Street Subprime Mortgage Case
September 30, 2010 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) has charged a pair of former State Street Bank and Trust Company employees with misleading investors about...
SEC Charges Two in State Street Subprime Mortgage Case
September 30, 2010 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) has charged a pair of former State Street Bank and Trust Company employees with misleading investors about...
Asset Management Firms Dipping into Social Media
September 30, 2010 (PLANSPONSOR.com) - Corporate Insight recently found that 45% of the asset management firms it tracks are employing social media in some way.
SEC Say-on-Pay Rules Coming Soon
September 30, 2010 (PLANSPONSOR.com) - The Securities and Exchange Commission plans to introduce rules "in the next few weeks" that direct the agency to give shareholders in 2011...
Business Groups File Proxy Access Rule Challenge
September 30, 2010 (PLANSPONSOR.com) – Two national business groups have gone to court to challenge the new Securities and Exchange Commission (SEC) proxy access rule.
DC Market Predicted to Reach $5.5 Trillion by 2015
September 29, 2010 (PLANSPONSOR.com) – Defined contribution money managers may have an unlikely benefactor to thank for helping to deliver an estimated $1.9 trillion in contributions over the...
TDFs Offer a Fertile Asset Field to Sow
September 29, 2010 (PLANSPONSOR.com) – Target-date funds are expected to capture $1.7 trillion worth of asset flows and account for 60% of all defined contribution assets and revenues...
Ohio Settles Bid-Rigging Charges with Marsh & McLennan
September 28, 2010 (PLANSPONSOR.com) - Ohio Attorney General Richard Cordray has settled an antitrust lawsuit against Marsh & McLennan Companies for $4.75 million.
Bank CEO Comp Dips 4.2%
September 28, 2010 (PLANSPONSOR.com) – Financial institution CEOs saw a 4.2% decrease in total compensation in the past year, according to Crowe Horwath LLP's 2010 Comprehensive Financial Institution...
SC Fund Setting Up Independent Private Equity Shop
September 28, 2010 (PLANSPONSOR.com) – South Carolina’s pension fund is creating an independent firm to oversee its private equity holdings.
CFOs Serving Two Masters in Annual Narratives
September 27, 2010 (PLANSPONSOR.com) – When 91% of the U.S. CFOs in a recent survey prepare their annual report narratives, they have shareholders in mind as an important...
Foundation Faults SEC in Madoff Scam
September 24, 2010 (PLANSPONSOR.com) – A charitable foundation stung by Bernie Madoff has flung a litigation gauntlet at the feet of an unlikely defendant; the...
Aon-Hewitt Merger to Close in October
September 24, 2010 (PLANSPONSOR.com) - Aon Corporation and Hewitt Associates, Inc. announced that they currently anticipate completing their proposed merger transaction on or about October 1, 2010.
NYC Pension Fund Fires Money Manager after Investment Losses
September 23, 2010 (PLANSPONSOR.com) - New York City’s pension fund for civil-service employees has fired a money management firm headed by former U.S. Securities and Exchange Commission chairman...
Pru Retirement Moving to ‘Key Account’ Team Structure
September 22, 2010 (PLANSPONSOR.com) – Prudential Retirement on Wednesday announced a reshuffling of its client-facing service personnel into 10 “key account” teams based in three U.S. regions.
Corporate Bond Dip Hits Pension Funding
September 22, 2010 (PLANSPONSOR.com) – Accounting measures of the liabilities of defined benefit (DB) pension plans in most developed economies have seen marked liability increases sparked by declining...
Growing Money Manager Group Sees Market Value Potential
September 22, 2010 (PLANSPONSOR.com) – Fifty-seven percent of money managers responding to a Russell Investments poll now believe the market to be undervalued.
Average IRA Account Balance Put at $54K
September 21, 2010 (PLANSPONSOR.com) – The average IRA account balance in 2008 was $54,863, while the average IRA balance of all accounts from the same person combined totaled $69,498,...