Michigan pension plan, other investors sue Boeing
By John Pletz November 17, 2009Boeing is being sued by shareholders, including the $202 million Livonia (Mich.) City Employees Retirement System, who claim the company misled them about problems with its 787 Dreamliner, which has been plagued by setbacks.
CDC commits to pension ‘buy-in’ with Rothesay Life
By Drew Carter November 17, 2009CDC Pensions Scheme, London, committed its £370 million ($619 million) in assets to a pension “buy-in” with Rothesay Life, CDC spokeswoman Miriam de Lacy confirmed.In the deal, ...
Full plate awaiting PBGC chief
By Doug Halonen November 16, 2009Joshua Gotbaum, President Barack Obama's nominee to lead the Pension Benefit Guaranty Corp., will have a long to-do list at the agency.
Connecticut seeks stable value, target-date managers
By Douglas Appell November 16, 2009The state of Connecticut issued RFPs for an investment manager to run a $1.1 billion stable value fund for the state’s 457 and 403(b) plans and its Alternate Retirement Program, and an...
Nestle picks Northern Trust for global custody
By Thao Hua November 16, 2009Nestle Capital Advisers hired Northern Trust to provide global custody for two cross-border pooled funds it runs, according to NCA CEO Jean-Pierre Steiner.NCA — Nestle’s...
Dutch pension plans' funding still a risky business
By Thao Hua November 16, 2009Most Dutch pension funds have returned to their required 105% minimum funding threshold, but fund officials are not out of the woods yet.
Pension reforms could hurt women, paper finds
November 16, 2009Potential reforms in government-backed pension funds in Europe might be handing women the short end of the stick, according to a new paper sponsored by Education International, a Brussels-based global federation of teachers unions.
Placement-agent ban would harm pension funds
By Michael Travaglini November 16, 2009Policymakers, despite best intentions, often craft the wrong answers to the right problems. One recent example of this phenomenon involves the proposed Securities and Exchange Commission rule regarding placement agents.
Wilshire pushing CalPERS to stiffen disclosure penalties
By Randy Diamond and Arleen Jacobius November 16, 2009CalPERS should severely penalize money managers who do not disclose fees they've paid to placement agents to get business from the plan, the $196.6 billion system's investment consultant is recommending.
Pitney Bowes to freeze 2 DB plans in 2014
By Douglas Appell November 12, 2009Pitney Bowes Inc., Stamford, Conn., will freeze two defined benefit plans at the end of 2014, according to an SEC filing today.The Pitney Bowes Pension Restoration Plan and the Pitney Bowes Inc....
Mn nears obtaining its first U.K. client
By Thao Hua November 11, 2009Macmillan Cancer Support Pension Scheme, London, is close to hiring Mn Services as fiduciary manager of the £20 million ($33 million) fund, according to Sarah Smart, chairwoman of the...
Large master trusts beat smaller peers in Q3, Wilshire finds
By Elizabeth Karier November 9, 2009Size does matter — at least in the short term. Large master trusts returned a median 11.88% in the quarter ended Sept. 30, topping their smaller peers, which returned a median 9.99% for the period, according to the Trust Universe Comparison Service of Wilshire Associates.
Cbus finds new home for A$200 million
By Michael Bailey November 5, 2009Cbus Super, Carlton, Australia, allocated A$200 million (US$180 million) to Lazard Asset Management's Global Thematic (ex-Australia) Fund.Trish Donohue, investments & governance manager...
Jacksonville picks provider for 2 DC plans
By Rob Kozlowski November 4, 2009City of Jacksonville (Fla.) hired Great-West Retirement Services as bundled provider for its $141 million 457 plan and new 401(a) plan, according to a news release from Great-West.Calls to ...
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