US - The California State Teachers' Retirement System has teamed up with two other investors to sue officers and directors at Massey Energy for alleged safety misconduct, the pension fund said.
Government is under pressure to tighten regulations governing disclosure of environmental, social and governance risks in pension scheme investments in the wake of the BP oil spill disaster.
The registration/nomination process for the Pension Scheme of the Year Awards 2010 has now closed.
US - New Mexico has appointed JP Morgan to provide custody and securities services for more than US$40bn managed by its four state agencies.
ITALY - The Italian government today will present to parliament an amended law to increase female public servants pension age to 65 by 2012, as required by the European Commission.
PERU - Peru's pension funds are seeking new markets to diversify away from the country's mining stocks, said Mariano Paz Soldan, general manager of the Profuturo AFP pension fund.
UK/EUROPE - The sovereignty of UK defined benefit provision is under threat following proposals from the EU Commission to shift legislative power to a European body, an internal Confederation of British Industry document revealed.
The Pensions Regulator's reluctance to enforce funding agreements between employers and trustees has led to a potentially damaging loss of authority, a lawyer warns.
The sovereignty of UK defined benefit provision is under threat following proposals from the EU Commission to shift legislative power to a European body, an internal Confederation of British Industry document reveals.