Prudent man rule blamed for pension fund woes
Analysts say ERISA vague terms force conservatism in pension investing leading to reduced yields and less access to capital for small firms. Bank and fund managers warn the rule spurs over cautious choices, heavy paperwork, and morale strain amid shifting deadlines.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
ERISA
Congress
Paul Wilson
Fidelity Bank
Philadelphia
Wilson
Kenneth Brown
Graphic Arts International Union
John Wright
Wright Investors’ Service
Brown
International Foundation of Employe
Phoenix PPMA Conference Set at Inn at McCormick Ranch
The Phoenix Personnel Management Association will hold its annual conference from 8 a.m. to 4 30 p.m. on November 10 at the Inn at McCormick Ranch in Scottsdale. Guest speakers include Jim Ferguson of the American Society for Personnel Administration and Dr. Thomas Stevens of J I Case Co. Registration begins at 8 a.m. with fees of 30 dollars for members and 35 dollars for nonmembers.
MENTIONED IN THIS ARTICLE
Phoenix Personnel Management Association
Inn At
McCormick Ranch
N. Scottsdale Rd
Jim Ferguson
American Society For Personnel Administration
Washington
Thomas Stevens
J.I. Case Co
PPMA
The
P.O. Box
Phoenix
Business Briefs Highlight Ad Agency Honors and Local Appointments
Kenneth G. Patton, Patton Agency founder and Phoenix advertising figure, received the J. Terry Memorial Award for Advertising Man of the Year from the Phoenix Advertising Club and Ad 2 Phoenix. Lenore Brady of Scottsdale named young junior/teen manager at Chris-Town Bullock’s Phoenix store opening. Robert F. Stickle joins Thomson McKinnon Securities in Scottsdale as account executive. Money Views newsletter on financial planning to launch this month by Don G. Campbell. Valley National Bank staff anniversaries honored Mary Manni ten years and Veryl Zdenek fifteen years. Armand Rotonda named director of public relations for Del E. Webb Corp. G. J. Spresser of Mary Moppets Day Care named president of NACDE.
MENTIONED IN THIS ARTICLE
Kenneth G. Patton
N. Invergordon Rd
Patton Agency
J. Terry Memorial
Phoenix Advertising Club
Ad 2 Phoenix
Patton
The
Phoenix Press Club
Arizona Press Club
100 Club of Phoenix
Junior League of Phoenix
Lenore Brady
Scottsdale
Bullock’s
Phoenix
Brady
New York
Fashion Institute of Technology
Don G. Campbell
Campbell
New York Daily News
Arizona Republic
Indianapolis Star
Valley National Bank
Mary Manni
Scottsdale Road
Oak Street
Veryl Zdenek
Scottsdale-Shea
Advertising Salesperson Wanted for New Paper
Aggressive salesman sought to grow with a new Scottsdale newspaper. Interview and resume to Department DW P.O. Box 1150 Scottsdale AZ 85252. Phone 971-7550 Mr Cina Equal Opportunity Employer.
MENTIONED IN THIS ARTICLE
Dept. DW
P.O
Personal Line of Credit offers up to 25000 loan
Apply once and qualify for a continuing line of credit up to 25000. If you use 6000 of a 15000 line, 9000 remains available as you repay it, and the line rebuilds to full once paid. No PEC charge until used, optional higher payments without penalties, and confidential money management with convenient one time application.
MENTIONED IN THIS ARTICLE
Great Western Bank
PLC
Scottsdale
5Th Avenue
Scottsdale Road
Also Mentioned on This Page
Business Mirror
Hughes - Calihan Corporation
Arizona
16Th ST
Rye
Daily Progress
Robert F. Stickle
Thomson McKinnon Securities Inc
Stickle
Arizona State University
Thomson McKinnon
First National Bank
E. McDonald Drive
Armand Rotonda
G. J. Spresser
Mary Moppets
Naational Association For Child Development and Education
NACDE
Spresser
Mary
Moppet’s
Save-A-Child League
HERO
Scottsdale, Az
Mr. Cina
N. N. Scottsdale Roads
Equal Housing Lender
FDIG
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