British Court Sides with TPR to Compel Company to Bolster Pension Plan
Upper Tribunal approves regulator’s power to require parent ITV to aid failed subsidiary Box Clever’s pension.
Regulation
NYC Comptroller Calls for Exxon Mobil Board Disclosure
Scott Stringer is urging shareholders to vote for board transparency resolution.
Puerto Rico’s Governor, Oversight Board Find Common Ground on Economic Provisions
Sides still disagree on troubled public pension reform system.
High Court Ruling Fails to Settle Overpayment Recovery Issue
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.
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.