Pension Funding Dropped 15% in Q210
July 6, 2010 (PLANSPONSOR.com) - Legal & General Investment Management America’s (LGIMA) inaugural Pension Fiscal Fitness Monitor, a quarterly estimate of the overall health of a typical U.S....
Administration
Hedge Fund Managers Expect to Bounce Back
July 6, 2010 (PLANSPONSOR.com) - Results of a recent survey suggest that the hedge fund industry continues to steadily recover from the global market crisis that began in...
American Airlines Announces Pension Hard Drive Theft
July 2, 2010 (PLANSPONSOR.com) –The parent company of American Airlines announced on Friday that a computer hard drive kept by its pension department that contained personal information...
Gulf Oil 401(k) Suits Spill Over to Anadarko
July 1, 2010 (PLANSPONSOR.com) - Stull, Stull & Brody has started an investigation relating to the 401(k) defined contribution retirement plans of Anadarko Petroleum Corporation.
SEC Adopts Pay to Play Curbs
July 1, 2010 (PLANSPONSOR.com) –The Securities and Exchange Commission (SEC) has approved new rules regulating pay to play practices by investment advisers at public pension plans and...
Ex-SEC Lawyer Settles with Agency over Firing
July 1, 2010 (PLANSPONSOR.com) – The U.S. Securities and Exchange Commission (SEC) has agreed to a $755,000 settlement of a suit filed by a former agency lawyer...
WV Investment Adviser Admits to Embezzling 401(k) Money
July 1, 2010 (PLANSPONSOR.com) - A former investment adviser from Charleston, West Virginia, has admitted in federal court that he embezzled $600,000 from a 401(k) plan under his...
FL Woman Sues BP Over 401(k) Stock Losses
June 30, 2010 (PLANSPONSOR.com) – A Florida woman who invested in the company stock option in BP’s 401(k) plan has sued the company and State Street Bank...
MO House Passes Pension Changes
June 30, 2010 (PLANSPONSOR.com) - The Missouri House has passed a pension reform bill.
CalPERS, Other Bondholders Say Lehman Bankruptcy Plan Fuels Conflict
June 29, 2010 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) and a handful of other Lehman Brothers Holdings Inc's creditors said they object to the investment...
Pension Funding Relief Seen as Best Under the Circumstances
June 29, 2010 (PLANSPONSOR.com) – Considering the politically charged anti-bailout atmosphere in which pension funding relief was negotiated and finally signed into law, plan sponsors generally should...
U.S. Companies Preparing for Say-on-Pay Legislation
June 29, 2010 (PLANSPONSOR.com) - Relatively few U.S. companies are well prepared to put their executive pay programs up to a say-on-pay shareholder vote, although many are taking...
North Dakota Pension Fund Hires for Audit, Administrator Search
June 29, 2010 (PLANSPONSOR.com) – The North Dakota Investment Board has retained a Leawood, Kansas, search firm to find a new administrator.
High Court Revives Janus Market-Timing Suit
June 28, 2010 (PLANSPONSOR.com) - The U.S. Supreme Court on Monday agreed to review a lower court ruling that revived a securities class-action lawsuit against Janus Capital Group...
Pension Plans Set to Increase Allocations to Alternative Investments
June 28, 2010 (PLANSPONSOR.com) - Investors are increasingly looking to alternative allocations as they take a more holistic approach to portfolio construction, according to the latest survey from...
Pensions Funded Status Could Fall 10% Next Year
June 28, 2010 (PLANSPONSOR.com) - New research from Russell Investments reveals that pension plans seeking to minimize the effect of contribution requirements in 2010 will more than likely...
Lanier Law Firm Investigating BP 401(k)
June 28, 2010 (PLANSPONSOR.com) - The Lanier Law Firm is investigating possible legal claims related to a 401(k) retirement plan for U.S. employees of BP.
Asset Management Business Model Changing Since Downturn
June 28, 2010 (PLANSPONSOR.com) – A new study has found that asset management business models are in transition as the industry adapts to dominant investor concerns about liquidity...
NM Fund Ponders Aldus Lawsuit
June 28, 2010 (PLANSPONSOR.com) – The New Mexico Educational Retirement Board has hired two law firms to represent the teachers’ pension fund in a planned lawsuit against...
Ex-Employee Sues BP Over Plan Losses
June 25, 2010 (PLANSPONSOR.com) – An ex-employee of BP Plc has sued the company over losses to BP’s retirement plan caused by the oil rig explosion and...