PEOPLE -
March 12, 2010
Talking Points: Interview with EBRI
Jack VanDerhei discusses the Employee Benefit Research Institute's 2010 Retirement Confidence Survey.
PEOPLE -
March 12, 2010
Strategic Insight Opens London Office
March 12, 2010 (PLANSPONSOR.com) - Strategic Insight, a New York-based global provider of data, research, and consulting to investment management and distribution companies, has opened an office in London.
PRODUCTS -
March 12, 2010
J.P. Morgan Applies for Three New ETFs
March 12, 2010 (PLANSPONSOR.com) - J.P. Morgan Investment Management
Inc. has filed applications with the Securities and Exchange Commission to
create and operate an actively-managed exchange-traded fund as well as two index
ETFs.
PRODUCTS -
March 12, 2010
Eaton Vance Plans Actively-managed ETFs
March 11, 2010 (PLANSPONSOR.com) - Eaton Vance Management has filed an application with the Securities and Exchange Commission to create and operate five actively-managed exchange-traded funds.
PRODUCTS -
March 12, 2010
Nautical Capital Management Launches Commodity-based Funds
March 12, 2010 (PLANSPONSOR.com) - Nautical Capital Management LLC, an asset management company specializing in the development and management of diversified commodity portfolios, has launched its commodity-based absolute return strategies.
RULES/REGS -
March 12, 2010
Court Moves Forward Claims against Northern Trust over ESOP
March 12, 2010 (PLANSPONSOR.com) – A federal court judge has moved forward claims by a participant in the Northern Trust Company Thrift Incentive Plan that plan fiduciaries breached their duties by continuing to offer company stock as an investment when it was no longer prudent to do so.
RULES/REGS -
March 12, 2010
CO Increases Opportunity for Plans to Use Auto Enrollment
March 12, 2010 (PLANSPONSOR.com) - Colorado has enacted legislation to
allow wage deductions for automatic enrollment in an employee retirement plan.
RULES/REGS -
March 12, 2010
Ford Didn't Interfere with Benefits by Classifying Visteon Employees as Rehires
March 12, 2010 (PLANSPONSOR.com) – A federal appeals court has ruled that Ford Motor Company did not interfere with the retirement plan benefits of employees reacquired from two previously spun-off production facilities by classifying them as rehired rather than reinstated.
FINANCE -
March 12, 2010
Investors See no Standout in Retirement Income Market
March 12, 2010 (PLANSPONSOR.com) - Despite a proliferation of retirement
income products and financial services firms’ best efforts to capture the
retirement income market, no single leader has emerged in this space, according
to Cogent Research’s In-Retirement Income 2010 report.
HR/BENEFITS -
March 12, 2010
UK Public Pensions Face Significant Liability Increase
March 12, 2010
(PLANSPONSOR.com) - The amount of money paid as pensions to workers in the
public sector could more than triple in the next 50 years, the UK's National
Audit Office suggests.
FINANCE -
March 12, 2010
UK's Pension Protection Fund Announces New Investment Principles
March 12, 2010 (PLANSPONSOR.com) - The UK's private pension insurer and
regulator has unveiled its new Statement of Investment Principles which aims to
bring greater returns by investing in a broader range of assets – but without
increasing its level of risk.
FINANCE -
March 12, 2010
Providers Respond to DB Sponsors' Need for Risk Management
March 12, 2010 (PLANSPONSOR.com) – Recent economic events have led defined benefit plan sponsors to look in detail at the risks facing their plans and to implement strategies to measure, monitor, and manage some or all of these risks.
FINANCE -
March 11, 2010
CT Sues Credit Rating Agencies for Misleading Investors
March 11, 2010 (PLANSPONSOR.com) – Connecticut Attorney General Richard Blumenthal has filed suit against credit rating agencies Moody’s and Standard & Poor’s alleging they knowingly assigned "tainted" credit ratings to risky investments backed by sub-prime loans.
HR/BENEFITS -
March 11, 2010
UK Workers Rank Pension Top Benefit, but Worry It's not Enough
March 11, 2010 (PLANSPONSOR.com) – A survey of UK workers by the National Association of Pension Funds (NAPF) finds pensions remain the most important employee benefit on top of salary that an employer can offer.
RULES/REGS -
March 11, 2010
DoL Recovers More than $12M for CA Company ESOP Participants
March 11, 2010 (PLANSPONSOR.com) - The U.S. Department of Labor has
obtained consent judgments providing for restitution of more than $12 million by
plan officials and service providers involved with the employee stock ownership
plan sponsored by The Employee Ownership Holding Co. of Stockton, California, and
Fife, Washington.
PEOPLE -
March 11, 2010
Proskauer Adds Expertise in Employment Litigation
March 11, 2010 (PLANSPONSOR.com) – International law firm Proskauer Rose LLP has announced that Nigel Telman, an experienced employment law litigator and counselor, has joined its Chicago office as a partner.
FINANCE -
March 11, 2010
Wisconsin Retirees Will See Payments Cut for a Second Year
March 11, 2010 (PLANSPONSOR.com) - For the second year in a row, the
Wisconsin Retirement System will reduce monthly payments to retirees invested
in the system's Core Fund annuity.
PRODUCTS -
March 11, 2010
SSgA Launches Russia ETF
March 11, 2010 (PLANSPONSOR.com) - State Street Global Advisors (SSgA), the investment management business of State Street Corporation, has announced that the SPDR S&P Russia ETF began trading on the NYSE Arca on March 11, 2010.
HR/BENEFITS -
March 11, 2010
Survey Finds CDHP Use Ticking Up
March 11, 2010 (PLANSPONSOR.com) - Interest in consumer-directed health plans (CDHPs) continues to expand among employers and their workers, according to a survey conducted by Towers Watson and the National Business Group on Health.
PRODUCTS -
March 11, 2010
SunLife Offers Program Addressing Absenteeism
March 11, 2010 (PLANSPONSOR.com) – Sun Life Financial has launched a set of services to help employers evaluate and develop more effective attendance management programs.