Regulation

UK - Employers who thought they were free of funding obligations might still be "on the hook" for paying liabilities, following a High Court ruling yesterday.

UK - The Pension Protection Fund has recruited six global tactical asset allocation managers as part of its statement of investment principles announced earlier in the year.

US - Officials at the New York State Common Retirement Fund have announced plans to lead a class action against BP over losses related to the massive oil spill in the Gulf of Mexico.

Bosses were ordered to keep up benefit payments to a long-serving former employee despite no pension documentation or contracts existing.

An employer member of the National Association of Pension Funds has accused the trade body of failing to consult with members before issuing public statements.

Industry figures are rushing to lobby the government on crucial pensions issues ahead of tomorrow's emergency Budget.

US - The Securities and Exchange Commission has proposed new rules around the marketing and advertising of target date funds meant to prevent investors from being ‘misled' when deciding to invest.

EUROPE - A European Commission Green Paper - due for release next week - is set to reopen the issue of solvency standards in pension schemes.

Trustees must act to secure the employer covenant before it starts to show signs of weakening or financial distress, Zolfo Cooper says.

Employers should undertake enhanced transfer value exercises now before they come under greater scrutiny from The Pensions Regulator, an actuary warns.