Regulation

BT has reported a £2.8bn increase in its net pension deficit on an IAS19 basis.

Giovanni Legorano looks at how governments across Europe are reforming their pension systems following the economic crisis

US - The California attorney general has accused former CalPERS board member Alfred Villalobos, now a third party marketer, with bribing former chief executive Fred Buenrostro in order to gain business for private equity firms including Apollo Global...

US - A New Mexico judge has tossed out a former public pension manager's lawsuit to recoup at least US$90m in state funds lost through investments in mortgage- backed securities sold by a firm whose executives donated to Governor Bill Richardson's presidential...

Politicians from the three major parties are all complaining that, with all the media attention being focused on "Bigotgate", the leaders' debates and the prospect of a hung parliament, not enough time is being spent looking at the actual policies being...

Proposals to amend accountancy standard IAS19 could cut the earnings of UK firms by as much as £10bn, accountants and actuaries warn.

The International Accounting Standards Board has published an exposure draft of proposed amendments to IAS19, dealing with how pension costs are recorded in company accounts.

ITALY - A reform of the Italian pension system including auto-enrolment into a mandatory defined contribution fund should be considered in the near future to push Italians to save more for retirement, industry figures said.

Unison has slammed Liberal Democrat proposals to slash public sector pensions, stating it will "come back to bite them."

PricewaterhouseCoopers has become the latest firm to raise fears over proposed pension accounting changes.