A Michigan pension fund is to sue BAE Systems, Europe's biggest defence contractor, following allegations of billion-dollar bribes made to Saudi Arabian officials.
BAE Systems – formed following the 1999 merger of British Aerospace and Marconi Electronic Systems – has been accused of breaching its fiduciary duty by City of Harper Woods Employees’ Retirement System....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers