UK Regulator Offers Help For Struggling Employers
A softer approach results in calls for greater flexibility from trustees.
Regulation
Ex-Hedge Fund Boss Pleas for Gentle Insider Trading Sentence
Anthony Chiasson, the co-founder of Level Global Investors, was convicted in December of insider trading Dell stock on a private tip.
OECD: Greater Flexibility on Irish DB Payouts Needed
Thinktank calls for cuts for pensions in payment to be considered.
ABP Settles RMBS Suit with Goldman Sachs
ABP settles the last in a series of cases brought against investment banks over mortgage-backed securities sales.
Montana Public Pension Safe after Republican Push for DC
Higher contributions and potentially lower benefits, but DB lives on in Big Sky Country.
Troubled Employers Delay Pension Payments to Stay Alive
The UK has seen a rise in the number of struggling employers delaying their pension contribution payments, according to new figures from law firm Pinsent Masons.
AIG Settles Ohio Pension Funds’ Class Action
The long-awaited settlement against AIG for misleading investors has been signed off by a federal judge.
UK Schemes Face £450bn Deficit Timebomb under Solvency II Rules
New research has found applying Solvency-II would raise UK final salary schemes’ deficits by at least £150 billion.
What OTC Rule Changes Might Mean for You
Security is crucial, but what will changes to OTC derivatives regulation mean for investors?
US Housing Market About to Crash, Warns Hank Paulson
The former Goldman Sachs and US Treasury boss says without reform to Freddie Mae and Fannie Mac, the US housing market will return to its 2008 sickness.
Verizon Retirees Given Green Light for Risk Transfer Class Action
Both the 41,000 members whose pensions were annuitized by Prudential and those whose weren't will be allowed to sue Verizon as a class, a judge has ruled.
Public Fund CIO Pleads Guilty in Insider Trading Scheme
John Johnson has pleaded guilty to three counts of securities fraud predating his tenure at Wyoming’s pension fund. Each carry a maximum sentence of 20 years in prison.
Unions Get Radical over AGM Voting
Instead of shouting about it, unions in the UK are voting on what they don’t like in big business.
CalPERS, Bondholders Square off Over Stockton Assets
CalPERS, the city's largest creditor, squares off with bondholders as a judge determines Stockton's eligibility for Chapter 9 protection.
UK Regulator to Probe Transition Management, Custody, Fund Fees
Fees, practices, and financial institutions’ general behaviour towards clients is to come under the microscope in the UK.