Regulation

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.

US - President Barack Obama called for the discontinuation of tax cuts for investment fund managers in his first State of the Union address yesterday.

ITALY - Italian pensions watchdog Commissione di Vigilanza sui Fondi Pensione (Covip) has called for a "modernisation" of the rules regulating the investments pension funds are allowed to make.

Control of Freedom SIPP has been given to Mattioli Woods by the scheme's liquidators.

US - President Barack Obama's sweeping reforms to the banking industry proposed yesterday were generally welcomed by global asset management figures, but some warned they may cause short-term losses for pension funds, large holders of US bank shares....

ISRAEL - Israel should cut its existing tax break for pensions and increase the pension age for women in order to promote savings among poorer populations, the OECD said.

UK - The confusing nature of UK pensions is damaging competitiveness and could stymie the recovery from recession, top industry figures warned.

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.