• 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.

  • Newest Concern: Pension Under-Funding Tuesday, 27 Jan 2009 | 12:28 PM ET

    Pension under-funding is becoming the latest problem for corporations. In the last couple days, Hershey, U.S. Steel, Delta, and Canadian Pacific have noted that their company pensions were underfunded.

  • GM’s Pension Fund Stays Afloat, Against the Odds Tuesday, 25 Nov 2008 | 11:28 AM ET

    Despite its overall troubles, General Motors appears to have enough money in its pension fund to last a decade or more, the New York Times reports.

  • Pensions Pullback Mulled by Congress Thursday, 20 Nov 2008 | 5:57 AM ET

    Stung by outsize investment losses, some of the nation’s biggest companies are pushing Congress to roll back rules requiring them to put more money into their pension funds, just two years after President Bush signed a law meant to strengthen the pension system.

  • Business Coalition Asks for Relief from Pension Law Tuesday, 11 Nov 2008 | 6:33 PM ET
    Louisiana Congressman, William Jefferson, D-New Orleans,  left, and New Orleans Mayor Ray Nagin, appear before the U.S. House  Subcommittee on Housing and Community Development  meeting in New Orleans Friday afternoon Jan. 13, 2006. The subcommittee came to New Orleans to discussing the housing problems caused by Hurricane Katrina. (AP Photo/Bill Haber)

    A coalition of 200 businesses and trade groups—including some of the biggest companies in the world—is asking Congress for relief from a two-year-old federal law requiring them to more fully fund their pension plans.

  • Will Democrats Tinker With Mutual Funds, 401k Plans? Wednesday, 5 Nov 2008 | 6:21 PM ET

    As Democrats celebrate winning the White House and gains in Congress, the victory is rippling through the $11 trillion mutual fund industry in anticipation of reforms to retirement plans that could hurt earnings.

  • Will Your Pension Survive? Monday, 3 Nov 2008 | 9:10 PM ET

    How to know if pension plan guarantees are worth the paper their written on.

  • Web Extra: Reinventing Retirement Thursday, 30 Oct 2008 | 9:21 PM ET

    If I need the money, should I dip into my pension now or wait until it matures?

  • China Pension Fund Says to Keep Stock Holdings Monday, 21 Jul 2008 | 12:06 AM ET
    China, Chinese Flag

    China's national pension fund will not make significant changes to its investment portfolio despite suffering big losses in equities, the fund's chairman, Dai Xianglong said in comments published on Monday.

  • Government Rule Makers Looking at Pensions Friday, 11 Jul 2008 | 12:51 PM ET

    As cities and states struggle with ballooning retirement costs, accounting rule makers started an ambitious project Thursday to force state and local governments to issue better numbers and reveal the true cost of their pension promises.

  • CalPERS: Even It Bet Wrong On Real Estate Wednesday, 11 Jun 2008 | 4:42 PM ET

    If the nation's largest public pension fund, which prides itself on being savvy, takes a beating in real estate, well, then, who didn't? CalPERS is reaping the bad seed sown in certain deals over the last few years.

  • Big Problems with State Pension Funds Wednesday, 21 May 2008 | 11:43 AM ET

    Public pension actuaries use old methods that have fallen far out of sync with the economic mainstream, The New York Times reports.

  • Calpers CEO Latest Top Fund Officer to Exit Monday, 28 Apr 2008 | 11:11 PM ET

    The chief executive officer of the California Public Employees' Retirement System (Calpers), the biggest U.S. pension fund, said on Monday he would retire, days after its chief investment officer said he would step down.