Retirement Trends

The average defined contribution account balances of Vanguard plan participants soared 18 percent last year to a record average of $101,650.

Public defined benefit plans, endowments and foundations also lost ground in January as a result of the falling equity markets.

How can we expect a government to regulate the fiduciary standard when it flagrantly violates the fiduciary standard?

In another shot in the war over public pension costs, a California think tank has created a website listing the retirement benefits of participants, including those of CalPERS, the nations largest system.

Stocks fluctuated, after the Standard & Poors 500 Index rebounded from its worst drop since June, as a private report showing companies added fewer jobs than forecast offset acceleration in service industries.

The complaint alleges that S&P used guesses and magic numbers to inflate ratings of mortgage-backed securities purchased by the California Public Employees Retirement System and the states teacher pension fund.