We are graduate students (MBA) researching our thesis. Our topic includes reseaching the trends in which banks are investing their pension plans to EXTERNAL investment management companies. What are the regulations imposed on them and is it FDIC or state regulated? What roles do the Bank Holding Company or FHC play in this? Specifically, what are the percentages by bank asset allocation that banks outsource capital rather than use in-house management now that FHC's are essentially able to do this for themselves? Any help or even direction would be greatly appreciated.