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IRS allows use of annuities in target-date fund series

IRS allows use of annuities in target-date fund series

The Internal Revenue Service on Friday said defined contribution plans’ use of a target-date fund series containing deferred annuities won’t violate IRS rules against DC plans...

October 24, 2014 | 03:45 pm

Amundi acquires asset management arm of Austrian bank Bawag PSK

Amundi has acquired Bawag PSK Invest, the asset management subsidiary of Austrian bank Bawag PSK, said Amundi spokeswoman Natacha Sharp.

October 24, 2014 | 02:35 pm

Daughters of Charity Health System church plan challenged

Another church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

October 24, 2014 | 02:29 pm
Irving pension fund sues Tesco for fraud

Irving pension fund sues Tesco for fraud

Tesco PLC and its directors misled investors about its financial health, according to a Texas pension fund that sued the U.K.’s biggest retailer just as it’s facing an onslaught from...

October 24, 2014 | 02:24 pm
SSgA's assets down 2.4% in quarter, up 8% for year

SSgA's assets down 2.4% in quarter, up 8% for year

State Street Global Advisors had $2.421 trillion in assets under management as of Sept. 30, down 2.4% from three months earlier but up 8% from a year ago, said parent company State Street Corp.'s...

October 24, 2014 | 12:43 pm

Federated Investors reports slight AUM gain in quarter

Federated Investors reported $352.3 billion in assets under management as of Sept. 30, a 0.2% increase from the previous quarter but down 3.9% from the previous year.

October 23, 2014 | 05:36 pm

Oklahoma PERS names new executive director

Joseph A. Fox was named executive director of the $8.5 billion Oklahoma Public Employees Retirement System effective Nov. 1.

October 23, 2014 | 05:18 pm
Janus Capital Group outflows continue in 3rd quarter

Janus Capital Group outflows continue in 3rd quarter

Janus Capital Group reported rising profits and revenues in the quarter ended Sept. 30, but net outflows continued another quarter.

October 23, 2014 | 04:14 pm
Further growth expected in 2015 for real estate — survey

Further growth expected in 2015 for real estate — survey

Close to 80% of real estate investors and managers expect the volume of equity capital investment in real estate to increase in 2015, said a survey, Emerging Trends in Real Estate 2015, by...

October 23, 2014 | 11:48 am
T. Rowe Price's AUM dips 1% in last 3 months

T. Rowe Price's AUM dips 1% in last 3 months

T. Rowe Price Group on Thursday reported $731.2 billion in assets under management as of Sept. 30, down 1% from three months earlier but up 13% from a year earlier.

October 23, 2014 | 03:09 pm

Delaware County pension fund sues Simon Property over executive compensation

Simon Property Group Inc., seeking to avoid investor litigation, earlier this year eliminated a $120 million stock award to David Simon, chairman and CEO, in favor of a performance-based bonus.

October 23, 2014 | 03:25 pm
Canadian pension funds return 1.1% in quarter on foreign currency gains

Canadian pension funds return 1.1% in quarter on foreign currency gains

Canadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.

October 23, 2014 | 03:30 pm
2 senators call for derisking rules

2 senators call for derisking rules

Senate Finance Committee Chairman Ron Wyden, D-Ore., and Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin, D-Iowa, want federal regulators to set clear guidelines for...

October 23, 2014 | 03:21 pm

IRS adjusts 2015 retirement plan contribution limits for inflation

Employees will be able contribute more to their defined contribution plans in tax year 2015, thanks to cost-of-living adjustments announced Thursday by the Internal Revenue Service.

October 23, 2014 | 03:18 pm
AllianceBernstein reports 1.5% AUM drop in quarter despite institutional inflows

AllianceBernstein reports 1.5% AUM drop in quarter despite institutional inflows

AllianceBernstein reported $473 billion in assets under management as of Sept. 30, a 1.5% decrease from the previous quarter but a 6.2% increase from a year earlier.

October 23, 2014 | 03:14 pm