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  1. Managers push SEC for limits on brokers' maker-taker rebates

    trueMoney managers want the Securities and Exchange Commission to examine maker-taker rebates — to limit or eliminate them for all stock trades — claiming that the rebates spur broker-dealers to find trading venues based on revenue, rather than on best execution for clients.

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  1. Transition managers answer call for sophistication

    trueTransition managers are adding new capabilities to transfer assets in complex derivatives, futures and options, along with traditional transfers of securities.

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  2. Schlumberger adds Voya Financial target-date funds to 401(k) plan

    trueSchlumberger Ltd. has added a custom target-date fund series to its $5.3 billion U.S. 401(k) plan, said Gary Park, director of trust investments for the Houston-based oil and gas company.

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  3. Voya recruits J.P. Morgan exec to oversee insurance investment management sales

    trueJohn D. Simone was named head of insurance investment management sales and solutions at Voya Investment Management.

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  4. Voya Investment Management chooses emerging markets debt head

    trueJean-Dominique Butikofer has joined the fixed-income team at Voya Investment Management as head of emerging markets, spokesman Christopher Breslin said.

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  5. ING Investment Management strengthens emerging markets team

    trueAshish Goyal and Robert Holmes were appointed to ING Investment Management International’s emerging market equity team.

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  6. U.K. surety bond deal gives new pension funding option

    trueA FTSE 100 company has become the first to make surety bonds part of the funding strategy for its defined benefit plan, a new option for corporate executives looking to make good on pension promises.

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  7. Schroders adds multiasset position

    trueSeth Finkelstein will join Schroders as U.S. product manager, portfolio solutions, within the firm’s multiasset and portfolio solutions business, a spokeswoman said.

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  8. Impact of GASB's new pension rules on government bond ratings

    trueFor many public sector retirement plan sponsors, the Governmental Accounting Standards Board's new pension reporting rules couldn't have come at a worse time. The changes, effective June 15 and encapsulated in GASB Statements 67 and 68, mandate that governmental balance sheets reflect unfunded ...

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  9. CalSTRS staff backs hiring ING as DC plan record keeper

    trueCalSTRS' staff is recommending the hiring of ING Investment Management as a third-party administrator and record keeper for the CalSTRS' 403(b) and 457(b) supplementary saving programs.

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  10. ING U.S. files with SEC to reduce ownership stake of parent

    trueING U.S. filed a follow-on offering with the SEC Monday to further reduce parent ING Group's 57% ownership stake in the firm.

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  11. Nomura Asset Management will buy ING's Taiwan money management business

    trueNomura Asset Management Co. is partnering with a group of investors to buy ING Group's Taiwanese money manager business, ING Securities Investment and Trust Co. Ltd., Taiwan, according to a Nomura news release.

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  12. Michigan rehires administrator of 401(k), 457 plans

    trueMichigan Office of Retirement Services, Lansing, rehired incumbent ING U.S. Retirement Solutions as the third-party bundled administrator for the state's public employee $4.3 billion 401(k) plan and $1.8 billion 457 plan.

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  13. Kohler sinks 401(k) assets into 2 new options

    trueKohler Co., Kohler, Wis., is adding the Fidelity Small Cap Discovery Fund and the Oakmark International Collective Fund as investment options in its 401(k) plan.

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