Search results for: SCO
Court Finds for Employer in Dispute over Benefit Election
The 6th U.S. Circuit Court of Appeals found a benefits committee used a reasonable process to conclude it paid a participant's benefits according to his election.
Funded Status of Corporate Pensions Rose in June
The funded status of U.S. corporate pensions rose by 3.1 percentage points in June to 89.5%, according to the BNY Mellon Investment Strategy & Solutions Group (ISSG).
Building a Succession Plan
Advisers help many individuals prepare for a comfortable future, but who is helping advisers prepare for their future?
GASB Issues Implementation Guide for Public Pensions
The Governmental Accounting Standards Board (GASB) has published an Implementation Guide for new financial reporting standards for state and local government pension plans.
Differing TDF Asset Allocations Yield Similar Outcomes
A new survey found that target-date funds (TDFs) with different asset allocations deliver similar retirement savings outcomes.
Passengers Want Tech to Smooth Air Travel
Checking bags, printing boarding passes and flight delays are among the hassles travelers want technology to solve, a survey found.
The Standard Unveils Retirement Readiness Tool
A retirement plan consulting tool from Standard Retirement Services Inc. could help advisers increase the value they bring to their plan sponsors.
Court Dismisses Verizon Pension Buyout Suit
A federal judge dismissed a lawsuit brought against telecommunications firm Verizon Communications Inc., which dealt with the transfer of pension obligations.
Retirement Worries Growing in Military Families
Members of the military are increasingly concerned about their retirement prospects, according to a new survey.
Invesco Launches Bond Portfolio
Invesco PowerShares Capital Management LLC has launched PowerShares Global Short Term High Yield Bond Portfolio (PGHY).
Pension Annuitization Attractiveness Rose in May
The Dietrich Pension Risk Transfer Index increased considerably from May’s value of 85.81 to settle at 88.92 as of June 1.
The Standard Appoints Two Plan Consultants
Mike Flahaven and Brian Forneris are newly appointed retirement plan consultants for the central sales region of StanCorp Equities Inc., a subsidiary of StanCorp Financial Group Inc.
Are Your Participants Too Conservative?
Participants have a disconnect between portfolio allocations and their understanding of risk, according to a speaker at the (K)onvergence Summit in New York.
9th Circuit Revives Amgen Stock Drop Case
An appellate court reversed the dismissal of an Employee Retirement Income Security Act (ERISA) class action against Amgen, Inc. and an Amgen subsidiary.
Former RIA Enjoined from Further Violations
Blake Richards of Buford, Georgia, was enjoined by a federal court from committing more violations of the securities laws.
Mesirow Makes Managing Director Promotion
David S. Israel was promoted to senior managing director of the investment advisory group at Mesirow Financial.
PSNC 2013: Thinking Outside the Box
A standard mutual fund lineup may not be enough for your plan.
PSNC 2013: Creating a Successful Retirement Plan
Which way you ought to go depends a good deal on where you want to get to, according to the Cheshire Cat from “Alice in Wonderland.”
Answers to Top 10 Tough Compensation Questions
A guide from the Principal Financial Group helps advisers answer common plan sponsor questions about compensation.