Regulation

The future of EMI is in "significant doubt" after the employer and scheme trustees failed to reach agreement over funding arrangements for its pension deficit.

US - California lawmakers approved two bills to prevent government employees from increasing the amount of their pensions by padding their pay before retirement.

US/EUROPE - Pension funds from Europe and the US have been given the go-ahead to proceed with a securities fraud lawsuit against Bank of America and Merrill Lynch.

UK - The Department for Work and Pensions' proposal to abolish transfers of contracted out rights from DB schemes could see the end of the enhanced transfer value market, industry experts say.

The Pension Protection Fund has unveiled details of a long-term funding strategy to be financially self-sufficient by 2030.

US - The State of New Jersey has settled charges by the Securities and Exchange Commission that it fraudulently misled municipal-bond investors while underfunding the state's two biggest pension plans.

The Pensions Regulator is taking an aggressive and threatening stance with trustees who have not performed a formal covenant review, a lawyer says.

UK - The Pensions Regulator is taking an aggressive and threatening stance with trustees who have not performed a formal covenant review, a lawyer says.

The Pensions Regulator recently issued its covenant assessment guidance. Laura Blows looks at why this advice was necessary, its key points and how it may evolve

EUROPE - The European Commission is reviewing a letter from nine member states seeking to alter the way public debt is calculated to account for changes in state pension systems.