Teamster Pension Withdraws Benefits Reduction Application
New York-based plan expected to resubmit application with revised assumptions.
Regulation
High Court to Decide if Church-Affiliated Pension Plans Are ERISA Exempt
Hospital System employees argue that pension plans were wrongly classified.
ILPA Pushing Fee Template Implementation
ILPA is focusing on leveraging the experience of the early adopters to push global implementation.
European Parliament Approves Shareholder Rights Changes
New rules designed to prevent short-term excessive risk-taking, give shareholders input on director salaries.
UK Pension Regulator Secures $446 Million Settlement for Ex-BHS Staff
BHS owner Sir Philip Green will provide funding for a new independent pension plan.
Revoking Dodd-Frank Transparency Provision Sparks Corruption Discussions
Bill would require disclosure of payments to foreign governments and possibly spotlight unaccounted revenue, but could give foreign governments an advantage.
DOL Rule Generates More Fiduciary Buzz Among Institutions
A best practice includes creating an appropriate investment policy.
Class Action Reform Bill Could Hurt Pension Funds, Institutional Investors, Law Firms
Bill may prohibit institutional investors from hiring the same law firm more than once.
Hermes Proposes Corporate Governance Reform for Private Infrastructure
Approximately half of Great Britain’s national infrastructure pipeline is expected to be financed by private investors between 2015 and 2021.
New Global Initiative Formed to Improve Governance Standards
The new Investor Stewardship Group is comprised of asset managers and asset owners, with assets of more than $17 trillion.
Och-Ziff Execs Charged with Spearheading African Bribery Scheme
Michael Cohen and Vanja Baros were “masterminds” behind the hedge fund’s alleged corruption, the SEC claimed.
How Does Trump’s Regulation Freeze Affect Asset Management?
The freeze puts increased focus on asset managers, their systemic risks, and the Department of Labor’s fiduciary rule.
Private Equity Lawyer Tapped for SEC Chief
President-elect Donald Trump intends to nominate Jay Clayton to lead the US financial regulator.
Ex-NY Common Fund Director Charged for Pay-to-Play
Navnoor Kang, the former director of fixed income and head portfolio strategist, allegedly accepted bribes of luxury vacations, prostitutes, and drugs.
Platinum Partners Hedge Funds Charged with Fraud
Founder Mark Nordlicht and others were arrested Monday after misrepresenting performance and liquidity to fund investors.