Regulation

UK - Low governance levels among companies could lead to the next financial crisis, Treasury financial services secretary Paul Myners says.

The Pensions Regulator has launched a campaign to foster good governance and administration, as well as better management of pension scheme risks.

US - Five Ohio pension funds have filed a lawsuit against the three ratings agencies for allegedly providing strong ratings to mortgage backed securities in exchange for kickbacks from the issuing firms.

The EEF has set up a crucial meeting with key stakeholders to address problems with proposed changes to the section 75 employer debt regime, PP has learned.

Proposals to reform the benefit structure of the Local Government Pension Fund have been "kicked into the political long grass", Mike Woodall says.

A "huge range" of trade bodies and industry players are putting forward ideas on pensions policy to the Conservative Party ahead of the general election, Nigel Waterson says.

NETHERLANDS - The Dutch government's planned reform on retirement age which would see Dutch workers retiring at 67 instead of 65 came under the fire of the opposition parties during a parliamentary debate yesterday.

The National Association of Pension Funds has written to FTSE350 companies urging executive pay restraint.

NETHERLANDS - Dutch MPs are discussing today the controversial pension age reform with prime minister Jan Peter Balkenende and finance minister Wouter Bos.

JAPAN - Japan Airlines Corp., seeking its fourth state bailout since 2001, rose the most in the almost two weeks after the government said a state bank will provide a loan and that laws may be introduced to make it easier to cut pensions, Bloomberg News...