Regulation
US
US - Five pension funds in New York and Ohio will jointly seek lead plaintiff status in a class action suit against BP, certain officers and directors and BP America, New York comptroller Thomas DiNapoli said.
21 July 2010
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Regulation
The Pensions Regulator's determinations panel will decide in September whether or not will issue its third financial support direction - against the Lehman Brothers Group.
21 July 2010
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Regulation
The Pensions Regulator has urged trustees to review their scheme rules to assess the impact of forthcoming indexation changes.
21 July 2010
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United Kingdom
UK - The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.
19 July 2010
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Law
US - The American International Group has agreed to pay US$725m to settle a class action suit brought by three Ohio pension funds alleging bid-rigging, stock price manipulation and accounting fraud.
19 July 2010
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Regulation
The Pensions Regulator's strengthened guidance on transfer incentives is permeated by a "presumption of guilt", industry figures say.
19 July 2010
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Australia
AUSTRALIA - Australia's savings could grow by another billion dollars a year with the use of better back-office administration, former corporate regulator Jeremy Cooper has said.
19 July 2010
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Regulation
A consultation on proposed changes to the Universities Superannuation Scheme is expected to start in late September, following the scheme committee's decision to accept a range of reforms.
16 July 2010
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US
US - The US Senate has approved the largest overhaul of financial regulation since the Great Depression, aimed at averting a repeat of the recent credit crisis.
16 July 2010
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US
US - Investment banking giant Goldman Sachs will pay a record US$550m fine to settle the SEC's fraud probe into mortgage-backed securities.
16 July 2010
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