Displaying 38 results
Climate-related investing continues to heat up
Institutional investors are beginning to incorporate climate change risk factors into their asset allocation processes, and leading funds are contemplating a bevy of environmentally friendly investments
The knock on group LTC plans
Long-term care insurance is considered a valuable benefit by employees, but advisers seldom share their enthusiasm.
Labor chief wants to add annuities to 401(k) mix
Encouraging employers to offer annuities in pension plans will be one of the Labor Department's top regulatory goals in 2010.
Obama looks to ramp up retirement savings programs
The Obama administration today announced plans to require employers to give their employees the option of enrolling in direct-deposit individual retirement accounts.
State Street settles lawsuit, bulks up legal reserve
State Street Corp. will pay $89.75 million to settle a class-action lawsuit with a group of employee benefit plans invested in certain active fixed-income strategies managed by its SSgA unit, confirmed Arlene Roberts, State Street spokeswoman.
Labor Department reworking investment advice rule
Despite having seemingly killed its proposed rule on providing investment advice to participants in defined-contribution plans, the…
401(k) holders made out OK, says Fidelity
If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you're in good shape now.
401(k) participants lost a third of assets in "08, report shows
The average 401(k) participant lost nearly one-third of their retirement account assets last year, according to a report released last Tuesday by the Investment Company Institute and the Employee Benefit Research Institute.
Kennedy remembered for role in pension policy
Sen. Edward M. Kennedy, D-Mass., who died of brain cancer Tuesday night, played a leading role in shaping U.S. pension policy, including the Pension Protection Act of 2006, the largest single reform of the U.S. pension system since the Employee Retirement Income Security Act of 1974.
Sotomayor likely won’t offer surprises on pension rulings, attorneys say
Sonia Sotomayor, the U.S. Supreme Court's first Hispanic justice, isn't expected to shatter precedent with her rulings on high-court pension cases, according to ERISA attorneys.
Target date funds shouldn’t stand alone, most investors believe
Two-thirds of investors believe that target date funds need to be combined with other funds to achieve a proper mix for their retirement portfolios, a white paper released yesterday by Janus Capital Group Inc. of Denver suggests.
Fortune 500 pension plans shift $1B to bonds
Many pension managers are allotting more assets to long-term investment-grade corporate bonds, reported Standish Mellon Asset Management Co. LLC of Boston today.
Deficit surges at federal agency that insures pensions
In an ominous setback, the government agency that insures the pensions of 44 million Americans has amassed a record $33.5 billion deficit — triple what it was just six months ago.
April sees funding improvements for Milliman 100 plans
The funded status of corporate pension plans in the Milliman 100 Pension Funding Index improved by a net $23 billion in April to 79.6%, up 2.2 percentage points since March 31, with $37 billion in investment gains offsetting liability increases of $14 billion.
Ex-state party leader and hedge manager charged in kickback scheme
The Securities and Exchange Commission has filed an amended complaint charging a former state political party leader and a hedge fund manager in connection with a multimillion-dollar kickback scheme involving New York's largest pension fund.
Short Interests: Lobbyists mull $3 million pension blitz
Washington lobbyists for the financial services industry were debating last week whether to pitch in $3 million for an apres-election ad campaign to get the $240 billion tax bill passed before the end of the year.
Safe harbor made easier for pension plans
The Internal Revenue Service is removing a major administrative hassle and expense for employers who want to offer generous 401(k) plans that are exempt from non-discrimination tests.
