Retirement Plans

Retirement Plans News

  • Loeb Opposes Teachers Union on Pensions as Asness Quits

    Daniel Loeb, founder of Third Point LLC, is escalating a battle between hedge-fund managers and American Federation of Teachers President Randi Weingarten over public-worker pensions.

  • Barclays Plans to Find Replacement for Lucas by Year-End

    Barclays Plc, the U.K.’s second- largest bank by assets, plans to have found a replacement for Finance Director Chris Lucas by the end of the year, Chairman David Walker said.

  • Illinois Losing Rally as State Fails to Fix Pension: Muni Credit

    Investors in the $3.7 trillion municipal market assumed Illinois lawmakers would fix the worst- funded U.S. state pension system. The legislature’s latest failure is showing buyers the cost of inaction.

  • JPMorgan Holders Led by Chairmen-CEOs to Vote on Dimon

    As JPMorgan Chase & Co.’s Jamie Dimon prepares for a vote tomorrow on whether he should keep his chairman and chief executive officer titles, he may take comfort knowing most of his biggest shareholders are led by men with the same dual role.

  • Morgan Stanley Sued Over Retirement Plan Deal With ING

    Morgan Stanley was sued by a Birmingham, Alabama, medical center over claims the bank received improper payments from ING Life Insurance and Annuity Co. in exchange for referral of retirement-investment business.

  • The Cautionary Tale of Lord Grantham

    February 15, 2013 - In the third season of PBS's hit drama "Downton Abbey," the usually unflappable Lord Grantham is brought to tears by a bad investment. Against his broker's advice, he puts the bulk of his wife's inheritance in one promising Canadian railway stock, the nonfictional Grand Trunk Railway. That backfires when the railway's resident genius, Charles Hays, dies on the Titanic in 1912. By 1920, it's facing bankruptcy.

  • Benmosche Supports Dimon, Says There’s No ‘We’ in CEO

    American International Group Inc. Chief Executive Officer Robert Benmosche said shareholders of JPMorgan Chase & Co. are wrong to challenge the authority of Jamie Dimon, the bank’s chairman and CEO.

  • Hartford Said to Seek Sale of Japanese Annuity Unit

    Hartford Financial Services Group Inc., the insurance company pruning operations after an activist investor urged it to split up last year, hired Deutsche Bank AG to seek a buyer for its Japanese business, people with knowledge of the matter said.

  • Illinois Pension Standoff Ahead as Senate OKs Its Own Fix

    The Illinois legislative effort to repair the nation’s worst-funded pension system moved closer to a showdown as the Senate passed a restructuring measure endorsed by public-employee unions.

  • New York State Pension Value Rises to Record High $160.4 Billion

    The value of the New York state pension fund rose to a record $160.4 billion in year ending March 31, recovering after the financial crisis wiped out almost one-third of its assets, Comptroller Thomas DiNapoli said.

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