Canada

Reinsurers could run out of capacity to hedge UK schemes' longevity risk if they turn their attention to more lucrative US and Canadian markets, warns PwC.

The Trustee of the Nortel Networks UK Pension Plan and the Pension Protection Fund have been left empty-handed after an international mediation failed to settle the dispute over the assets of collapsed telecoms giant Nortel Networks Corporation.

The man responsible for mediating a £2.1bn UK pension claim on bankrupt firm Nortel Network's assets has launched a website to keep people up to date with developments.

Pension funds around the world will be preparing for a raft of legislation being implemented in the coming months.

CANADA - Two pension funds have filed a C$6.5bn ($6.5bn) class action lawsuit against China-based timber company Sino-Forest and its auditor Ernst & Young.