Regulation

NETHERLANDS - Trustees at Dutch pension funds failed to fully understand the risks being taken in their portfolios, a new report by a government appointed committee found.

UK - The Pensions Regulator has urged scheme trustees to review their securities lending practices.

UK - A complex legal case concerning the funding of the Pilots National Pension Fund has started in the High Court.

UK - The Local Government Pension Scheme's deficit could swell to £60bn (US$97.8bn) this year if current trends continue, research from the Liberal Democrats revealed.

Trustees conducting self-assessment exercises into the conduct of their duties could leave themselves open to that information being used against them in court, Lovells warns.

The Pensions Regulator could enforce mandatory standards of record keeping after its assessment of how trustees' focus has improved, industry figures predict.

US - Two US pension funds who sued Goldman Sachs last month over allegedly excessive bonus packages have asked the court to schedule an expedited hearing on their request to block the payments.

The government has pulled the draft batch of rules on existing pension scheme certification from the final auto-enrolment regulations.

US - A class action lawsuit has been filed against Sterling Savings Bank on behalf of staff seeking compensation over the firm's alleged failure to protect pension investments in company stock.

UK - The final rules governing auto-enrolment into workplace pension schemes from 2012 were laid before parliament today.