High Court Ruling Fails to Settle Overpayment Recovery Issue
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.
Regulation
Chattanooga’s Fire and Police Pension Fund Sues Wells Fargo
Tennessee fund accuses trustee of committing ‘systemic nondisclosures.’
TPR Unveils ‘Tougher Approach’ to Pension Regulation
Regulator releases three-year plan to improve UK pension standards.
Rolls-Royce Reaches Pension Deal with Unions
DB plan to stay open until 2024 as contributions are increased for DC plan members.
TPR to Seize Assets of Employers Ignoring Pension Fines
High Court enforcement officers will be used to force delinquent companies to pay up.
Colorado Pension Reform Heads to Conference Committee
A number of differences in the House and Senate versions of a new bill calls for debate.
European Commission Says More Needs to Be Done to Ensure Adequate Pensions
Report cites progress made, but says more work needed on closing gender gap.
Appeals Court Rules Against Just Born in Pension Dispute
Ruling says candy maker can’t block new workers from pension without penalty.
Pensions Regulator in Talks with Sainsbury’s over Asda Merger
Sainsbury CEO says proposed £7.3 billion merger ‘strengthens’ pension covenant.
Danish Pension Group Proposes 56 ‘Concrete’ Initiatives to Ease Financial Regulations
Committee is curious about more opportunities in digital regulation.
North Carolina Retirement Systems’ Assumption Rate Reduced to 7%
Fund now projected to meet return expectations over the next 30 years.
San Diego County Sues Pension for Not Cutting Benefits
Retirement association says enacting lower tier of benefits would be illegal.
Teachers Federation Calls Out Gun Investors
Group releases list of asset managers investing in assault weapon manufacturers.
Swarthmore Students Vote to End Ethical Investing Ban
Referendum calls for social objectives to be factored into investment decisions.
Hedge Fund Trillium Rallies Shareowners to Vote for Creation of Facebook Oversight Board
Fund calls social media juggernaut’s current governance style an insufficient ‘whack-a-mole approach.’