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.
Regulation
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.
Former Detroit Pension Trustees, Attorney Charge with Fraud in Bribery Scandal
The indictment claims that Detroit's former Treasurer and a pension trustee accepted kickbacks including massages, golf clubs, and tickets to a Playboy party.
Return Boost for Investors as UK Reduces Tax
Will less tax on investments help pull more funds – and investor assets – towards the UK?
Former CalPERS CEO Indicted on Multiple Charges
Court indicts former CEO and board member on counts of fraud and deception against the nation and its agencies.
Former JP Morgan CIO Refuses to Take Responsibility for Whale Losses
Ina Drew described her oversight as “diligent,” and instead blamed the $6.2 billion in losses on certain “deceptive” London traders and flaws in her unit’s risk management operations.
CalPERS “Bribery Lawyer” Sued for Defamation
A private equity company slammed in CalPERS bribery report takes those responsible to court.