US - Richard Schiffrin has come out of retirement to join litigation firm Grant & Eisenhofer in New York.
Schiffrin said: "Clearly the financial crisis has exposed a number of flagrant violations of trust by financial institutions and asset managers, as well as egregious breaches of securities and other federal laws. I have to admit it was hard to be observing these developments from the sidelines."
Schiffrin has worked with Grant & Eisenhofer previously. The two firms served as co-counsels in securing a US$3.2bn settlement against Tyco International, leading to the a contribution by Tyco of nearly $3bn, "as the largest single payment ever by a corporate defendant in a securities case," according to the release.
Fixed-income ETFs are helping pension schemes tailor their fixed income exposure. Bryon Lake, Head of International ETFs at J.P. Morgan Asset Management, explains how.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.