US - Women over 50 were much less likely than men to receive an annuity or pension income in 2006, but improvements are being made, according to research from the Employee Benefit Research Institute (EBRI).
The study evaluates the impact of gender, age, education, marital status, and other demographic factors in the likelihood of a worker receiving annuity and/or pension income in retirement. The study reported...
US - The California Public Employees' Retirement System (CalPERS) is in search of a manager to provide index fund products for six of its trust funds.
US - Telecommunications companies AT&T and Verizon Communications could face increased pension payments next year as their liabilities soar to a combined $73.2bn, according to an analyst note from Bernstein Research, a unit of AllianceBernstein.
US - Rupert Murdoch and other News Corporation directors face opposition from corporate governance advisory firm ISS which advised shareholders to vote against their re-elections to the board.
The aggregate deficit of S&P 1500 pension plans increased by $134bn in September, reaching a "post-World War II high", Mercer claims.
US - Acadian Asset Management has named Ronald Frashure chairman and Churchill Franklin, chief executive, after a restructure of the firm's top ranks.