The Financial Reporting Council (FRC) has called for better 'comply or explain' disclosure from signatories of the UK Corporate Governance Code.

Nortel Networks has agreed to pay the trustee of its UK pension scheme $37.5m (£22.9m) to settle claims against its US firms.

A judge has ruled The Pensions Regulator (TPR) may issue multiple contribution notices to Lehman Brothers companies that exceed the value of its scheme's section 75 (s75) debt.

A judgment on the maximum value of any financial support direction (FSD) against Lehman Brothers is expected in the Upper Tribunal today.

Dyfed Pension Fund has appointed Threadneedle as manager for its £150m global equity mandate.

The Local Government Pension Scheme (LGPS) shadow national advisory board will meet to discuss the future structure of the scheme next week, Councillor Kieran Quinn says.

The Pension Protection Fund (PPF) and a private sector fund have enquired about joining the National Local Government Pension Scheme (LGPS) Frameworks, Norfolk Pension Fund head Nicola Mark says.

The Department for Work and Pensions' (DWP) defined contribution (DC) charge cap model could differ from the three options included in its consultation, pensions minister Steve Webb says.

Allowing defined contribution (DC) members to buy pensions in defined benefit (DB) sections can significantly drive up liabilities, HSBC Bank Pension Trust chief executive Lesley Alexander warns.

The Local Government Pension Scheme (LGPS) and other public sector schemes should consolidate to become "one of the world's largest sovereign wealth funds", London Pension Fund Authority (LPFA) chairman Edmund Truell says.