July 9, 2014
The Boston-based bank was sued by shareholders who claimed they bought stocks at “artificially inflated” prices.
July 8, 2014
Steps to boost contribution rates to both plans have impressed the ratings agency, which upgraded their credit scores.
July 3, 2014
A Florida law firm has been appointed by New Jersey’s Public Employees’ Retirement System to handle a lawsuit over Governor Chris Christie’s planned contribution cuts.
July 2, 2014
Federico
Buenrostro was charged with conspiracy in connection with creating fraudulent
papers securing placement agent fees in years following the financial crisis.
July 2, 2014
Despite calls to the contrary, a review of regulation for UK investment consultants is not on the horizon.
June 30, 2014
The world’s largest money manager has received notice of possible securities violations over conflict of interest disclosures.
June 25, 2014
Staff, employers, and the state of California will see contributions increase to more than $5 billion in the coming years.
June 24, 2014
The Californian pension has agreed a plan with the bankrupt city of San Bernardino to repay deferred debts.
June 15, 2014
The first
two firms to settle the seven-year collusion suit, Goldman and Bain will
pay $67 million and $54 million respectively.
June 10, 2014
A
Congressman has pressed the Labor Secretary to look into pension consultants’ “breach
of fiduciary duty.”
June 6, 2014
The dispute over a fiduciary management contract has been settled out of court.
June 5, 2014
State senators have proposed a bill outlining a 10
percentage point increase in exposures to more attractive asset classes and
strategies.
June 4, 2014
The pension funds for Texas public sector workers overpaid staff and failed to formally approve incentive plans in time, the state’s auditor has reported.
June 3, 2014
An internal error meant S&P falsely informed subscribers that France had been downgraded.
June 1, 2014
Lawmakers
are pushing for a cost-saving hybrid plan proposal combining DB and DC plans
for new employees.