TPR Fines Trustees for Not Investing Savings Promptly
Failure to invest £1.4 million for three years affected more than 9,000 Salvus Master Trust plan members.
Regulation
Italy Moves to Lower Pension Eligibility Age in Budget Proposal
European Union has to approve the measure, which is aimed at making room for younger workers.
SEC Stops Microcap Fraud Scheme
More than a dozen international regulators helped unravel conspiracy.
SEC Charges LendingClub with Misleading Investors
Firm fined $4 million as former president accepts three-year ban from securities industry.
SEC Fines Voya $1 Million for Cybersecurity Breach
By impersonating contractors for the firm, intruders gained access to personal information of 5,600 customers.
European Court Rules UK Pension Compensation Cap Unlawful
Ruling expected to cause ‘administrative difficulties’ for UK’s Pension Protection Fund.
Fort Worth Lawmakers Mull Pension Fixes
Mayor hopes for compromise despite city council, police, and firefighter frustrations.
UK Trustees Could Face Climate Risk Lawsuits
ClientEarth says pensions’ legal responsibilities on climate risk are evolving.
TPR Charges Accountant for Giving False Information
Hashmukh Shah accused of falsely claiming firm enrolled staff in pension plans.
Brewery, Chairman Fined for Withholding Information from TPR
Samuel Smith Brewery, Humphrey Smith ordered to pay nearly £28,000.
Calif. High Court Rules San Diego Pension Cuts on Ballot Illegally
Decision could cost the city millions in creating retroactive pensions.
UK’s TPR to Launch Spot Checks on Suspect Employers
Pension regulator to target automatic enrollment scofflaws.
NYC Pays $20.6 Million Settlement over Nurses’ Pension Dispute
City wrongly denied ‘physically taxing’ status that would have allowed early retirement.
UK’s High Court Approves Royal London’s Annuity Proposals
Insurance firm says policyholders are throwing away valuable guaranteed rates.