Stepping into the mutual fund market
Article Abstract:
Mutual funds have become a popular investment tool for 401(k) accounts. To compete for the 401(k) market, banks and insurance companies are acquiring mutual fund companies. Banks have lost considerable low-rate savings deposits to mutual funds. Efforts to regain their losses are evident in the rapid growth of bank-managed mutual fund assets during the 2nd qtr. 1994. As banks and insurance companies buy more mutual funds, they are proving to be solid competitors in the 401(k) market.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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Public fund makes the news
Article Abstract:
Retirement Systems of Alabama has put up 81% of the recent sale of Park Communications. Dr. David Bronner, head of the company, believes that the investment is an attractive package and approximates Park's total worth to be 25% more than the price paid. Park Communications earned $172M in 1994. It is known to be a well-managed and sound company. Retirement Systems paid $573.4M in the form of a 20-year senior secured note.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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Putting quality in pension management
Article Abstract:
Quality programs have begun overhauling the way pension plans are being managed. A pension planner's commitment to maintaining a quality program is important for a business to give optimum value. A real quality program should include internal performance standards and measurements and the regular screening of performance. Feedback devices should be established continuously to keep the company aware of its customers.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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