Law

The legal definition of fiduciary duty must be changed to halt "dysfunctional" interpretations by trustees, FairPensions argues.

Trustees of the Jerome Group Pension Fund have begun proceedings to recover almost £3m from the administrators of Glasgow Rangers FC.

Anna Copestake of Sackers discusses legal issues around statutory employers.

NORWAY - EDB ErgoGroup ASA has agreed to costs totalling some NOK9m ($1.7m) per year to settle a pension dispute with employee unions over its decision to transfer some staffers from a defined benefit to a defined contribution plan.

IRELAND - Registered Administrators (RAs) must improve their record keeping if they are to avoid on-the-spot fines, the Pensions Board has warned.

The Upper Tribunal expressed "serious reservations" about the amount The Pensions Regulator is chasing in its contribution notice against Michel Van De Wiele NV.

Sackers solicitor Nigel Cayless introduces this month's legal panel: In July 2007, the Deregulatory Review identified pension scheme disclosure as an area that may benefit from a principles-based approach.

DLA Piper partner Ben Miller introduces this month's legal panel: The Independent Public Service Pensions Commission's interim report prepared by Lord Hutton, which was issued in October 2010, states that defined benefit (DB) schemes raise substantial...

Law firm Denton Wilde Sapte has merged with US-based Sonnenschein, Nath & Rosenthal to form SNR Denton.

SWEDEN/UK - Swedish pension fund Forsta AP-fonden (AP1) filed a lawsuit yesterday against BNY Mellon with the Commercial Court in London over $35.5m of losses.