Regulation

Courts in Canada and the US have blocked The Pensions Regulator's attempts to seek £2.1bn from Nortel Networks on behalf of the struggling UK pension scheme.

US - The American International Group (AIG) has agreed to pay US$8m to settle a lawsuit launched by the Oregon Public Employees Retirement System (PERS), which accused the insurer of poor disclosure and bid-rigging.

The Pensions Regulator looks set to tighten its grip on registered independent trustee companies following a number of high profile governance failures, industry players say.

The FSA has ordered RSM Tenon Financial Services to undertake a review of its pension switching business going back almost four years amid concerns about the suitability of advice.

EUROPE - A third of multi-national companies operating in Europe are set to implement pan-European pension arrangements by 2015, Hewitt Associates has forecast.

EUROPE - The European Commission is set to publish a green paper on an EU framework for pensions.

The European Commission is set to publish a green paper on an EU framework for pensions.

Jonathan Stapleton previews the February 25 edition of Professional Pensions.

EUROPE - The Economic and Monetary Affairs Committee of the European Parliament (EP) started their scrutiny of the latest draft of the Alternative Investment Fund Managers (AIFM) directive focusing on the exemption of pension funds and other entities....

US - A federal court ruling certified a class action led by three Ohio pension funds accusing the American International Group (AIG) of securities fraud, but excluded bondholders from the class.