UK - The Railtrack Shareholders' Action Group and the private shareholders' action group have joined forces to pursue the legal action against transport secretary Stephen Byers and the DTLR.
The decision to act jointly is in a bid to address the government’s claim that the shareholders in dispute do not have the legal right to see key documents.
RSAG chairman Simon Haslam said: “This joint action should end the prevarication that had been the government’s hallmark during this whole sorry affair.”
By Alistair Graham
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.