Regulation

Nearly one-third of panellists said the investment rules they operate under are too restrictive and could prevent them from reaching their investment goals.

Over 63% of the respondents of Global Pensions 100 Panel said US president Barack Obama's proposals to help keep banks from becoming too big to fail will have a positive effect on the asset management industry.

US/NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Medewerkers Apotheken (PMA) has filed a federal court lawsuit against State Street Bank and Trust alleging breach of fiduciary duties and securities fraud following losses in a 120/20 fund.

US/EUROPE - A group of investors led by the Retirement System for the General Employees of the City of Miami Beach have won a class action trial against Vivendi and will be entitled to recover an estimated US$9.3bn.

US - The New York City Employees' Retirement System (NYCERS) will sue Apple's Steve Jobs and other key managers for the second time after an appeal court granted the pension fund the right to do so.

The Reader's Digest Association says The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.

Trustees and administrators have been told to increase the quality of their record keeping after just 19% of schemes measured up The Pensions Regulator's guidance standards.

Robin Ellison is to officially launch his U Party today as he begins his 2010 election campaign.

US - A US appeals court has granted the New York City Employees' Retirement System (NYCERS) the right to sue Apple's Steve Jobs and other key managers again after a court dismissed a suit over losses allegedly related to the company's stock option plan....

The Pensions Regulator formerly exercised its powers in almost 800 active cases over a period of six months last year.