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  • It is tempting and oversimplifying to categorize all Baby Boomers as facing similar challenges. Given that Boomers were born across three decades spanning 18 years, each group faces unique financial challenges that must be addressed in different ways.

  • 2010 should be the year to reform retirement in Washington, said Robert Reynolds, CEO and president of Putnam Investments. He shared his insights with investors.

  • Calpers Pension Fund Reviewing Fees Paid to Manager Thursday, 15 Oct 2009 | 9:51 AM ET
    Women and Retirement

    The nation's largest pension fund, the California Public Employees' Retirement System, said it is investigating fees paid to an outside manager that directed the fund's investments.

  • CalPERS Prioritizes Profits Wednesday, 14 Oct 2009 | 2:20 PM ET

    CalPers - the largest pension fund in the U.S. is recouping losses from the financial fallout with a strategy that's boosted assets by $40 billion since its January low.

  • Corporate Pension Plans Facing Huge Shortfalls: Study Thursday, 1 Oct 2009 | 11:36 AM ET

    Sponsors of defined benefit pension plans — the main retirement vehicle for millions of Americans — face "significant" pressure in the next year to keep the plans afloat, according to a study by one of the world's largest benefit consulting firms.

  • Firing Scandal Rocks Secretive Actuary Group Tuesday, 8 Sep 2009 | 2:40 PM ET

    The American Academy of Actuaries, the public face of a behind-the-scenes profession, is in disarray after quietly sacking its incoming president, then trying to conceal both his ouster and an unpleasant secret from his past.

  • The government is looking closely at the pay of all top G.M. employees after bailing out the automaker. And that includes the unit that manages the pension fund, whose name was changed to Promark Global Advisors this year, says the New York Times.

  • How Firms Wooed a U.S. Agency With Billions to Invest Wednesday, 29 Jul 2009 | 12:29 PM ET

    Charles E. F. Millard, head of the Pension Benefit Guaranty Corporation, is under investigation for inappropriate contacts with Wall Street firms seeking to obtain lucrative contracts.

  • America's Top States For Business -- See Complete Coverage

    Big as California’s budget woes are today, so are the problems lurking in its biggest pension fund. The fund, known as Calpers, lost nearly $60 billion in the financial markets last year. Though it has more than enough money to make its payments to retirees for many years, it has a serious long-term shortfall. Meanwhile, local governments in the state are pleading poverty and saying they cannot make the contributions that would be needed to shore it up.

  • Years of state and federal neglect have hobbled the nation’s unemployment system just as a brutal recession has doubled the number of jobless Americans seeking aid, the New York Times reported.

  • Retired From G.M. at 54. Pensionless at 74? Wednesday, 1 Jul 2009 | 11:46 AM ET

    General Motors is using its huge pension fund in a way it never intended. It had planned — and put money aside — for a steady march of retirees over time. But instead, tens of thousands of blue-collar workers, most in their 40s and 50s, are all becoming eligible for retirement benefits now, as the company rapidly downsizes.

  • Target-Date Mutual Funds May Miss Their Mark Thursday, 25 Jun 2009 | 11:28 AM ET

    Washington blessed them as a way to put your 401(k) on automatic pilot and glide safely toward retirement. But popular target-date mutual funds have badly missed the mark - and now regulators are asking why.

  • German Senior Citizens ‘Kidnap, Torture’ Advisor Wednesday, 24 Jun 2009 | 7:25 AM ET

    A group of well-to-do German senior citizens, who lost their savings in the credit crunch, staged a revenge attack and held their terrified financial advisor to ransom, according to several published reports Wednesday.

  • Chrysler and Italy's Fiat urged the US Supreme Court late Tuesday to move quickly on Chrysler's proposed sale to Fiat, saying their government-brokered deal could still unravel if it doesn't close by a June 15 deadline.

  • Pension Plans' Long-Term Stability 'Vulnerable': GAO Monday, 30 Mar 2009 | 4:00 PM ET

    The Government Accountability Office warns in a new study that the long-term stability of traditional, defined benefit pension plans "is now vulnerable to the broader trends of eroding retirement security."

  • Calpers Demands Better Terms From Hedge Funds Friday, 27 Mar 2009 | 5:16 PM ET

    Calpers, California’s public pension fund, told over two-dozen hedge fund managers this month that they could lose Calpers’ business unless it gets better terms such as changes in fee structures, according to the Wall Street Journal.

  • Michael Vick Took Pension Funds for His Own Use: Feds Wednesday, 25 Mar 2009 | 7:20 PM ET
    Michael Vick

    The U.S. Department of Labor filed complaints Wednesday accusing suspended NFL star Michael Vick of illegally spending about $1.3 million in pension plan funds for his own benefit, including paying restitution ordered in his dogfighting conspiracy case.

  • Home of Ex-Royal Bank of Scotland Chief Vandalized Wednesday, 25 Mar 2009 | 12:31 PM ET

    Police say vandals have attacked the home of Sir Fred Goodwin, the former CEO of Royal Bank of Scotland whose 700,000 pound ($1.2 million) annual pension has prompted public outrage.

  • UK Minister: I Did Not Know Details of RBS Pension Tuesday, 17 Mar 2009 | 10:36 AM ET
    A Royal Bank of Scotland logo is seen outside the company's offices in central London, Tuesday May 29, 2007. A consortium led by Royal Bank of Scotland PLC said Tuesday it will launch a hostile bid of euro71.1 billion (US$95.5 billion) for ABN Amro, topping a friendly offer from Barclays PLC and pressing Bank of America Corp. for control of the Dutch bank's U.S. arm. (AP Photo/Matt Dunham)

    The British government was unaware of the huge pension given to the former CEO of part-nationalized Royal Bank of Scotland and the bank ignored its own standards in awarding the massive payout, a Treasury minister testified Tuesday.

  • People Fear Losing Job the Most: Poll Thursday, 19 Feb 2009 | 6:38 AM ET

    As the economy continues to struggle, the public is growing increasingly concerned about losing jobs, not having enough money to pay the bills and seeing their retirement accounts shrink, according to an Associated Press-GfK poll.