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.
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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.
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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.
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