Jun 30 2006 | 6:26pm ET
The number of Fortune 1000 companies planning to freeze or terminate their defined benefit pension plans rose 60% in the year ended April 30, according to a recent Watson Wyatt study.
The study shows that 113 companies have or plan to have a tleast one terminated or frozen pension plan, up from 71 in2004. There are currently 627 Fortune 1000 companies have a defined benefit plan.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…