Regulation
Law
US - Two US pension funds have sued Morgan Stanley accusing the bank's board of breaches of fiduciary duty and unjust enrichment for failing to administer its compensation plans in the best interests of the company and its shareholders.
12 February 2010
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Romania
ROMANIA - The Romanian government has approved a draft law to reform state pensions in a bid to reduce the pressure pensions exert on its national budget.
11 February 2010
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Regulation
Anti-forestalling regulations are driving high-earning employees in certain sectors to work abroad because they are no longer willing to work in a "tax hostile" environment, a provider says.
11 February 2010
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Law
US/EUROPE - US class action law firms have been engaging in fierce competition in order to get business from European pension funds in recent years.
09 February 2010
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Appointments
Financial Services Authority chief executive Hector Sants will step down in the summer after three years in the role.
09 February 2010
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Regulation
Trustees of the EMI Group Pension Fund and Maltby Capital - the owner of EMI Music and EMI Music Publishing - have called in The Pensions Regulator to help resolve a dispute over funding and strategy.
08 February 2010
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Regulation
US - US regulators seem to have softened their stance on placement agents who are hired by investment managers to win contracts from public pension funds.
05 February 2010
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Regulation
More than half of pension managers believe the development of shared risk schemes - such as collective DC - would have benefited the occupational pensions industry if implemented.
05 February 2010
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US
US - Treasury Secretary Timothy Geithner showed support for pension funding relief at a House Ways and Means Committee hearing yesterday. The news comes as Mercer reports a 400% increase in company contributions for 2010.
04 February 2010
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Regulation
A former trustee has questioned The Pensions Regulator's powers when it comes to enforcing contribution orders against foreign parent companies.
04 February 2010
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