News & Analysis as of

Pension Funds

A&O Shearman

Regulatory Monitoring - December 2025

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BaFin announced that it has launched a new survey on cum/cum transactions, following surveys in 2017, 2020 and 2021. The survey is aimed at the majority of German credit institutions, selected investment institutions and...more

Mayer Brown

CUM-EX and Dividend Arbitrage — Update on Developments

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Dividend arbitrage is a long-standing, historic issue in the financial services industry. It continues to impact businesses in numerous jurisdictions across Europe and has the potential to affect more- including in the United...more

Williams Mullen

PODCAST: Williams Mullen's Benefits Companion - Private Markets, Public Plans: What Sponsors Need to Know

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On this episode of Williams Mullen’s Benefits Companion, host Brydon DeWitt talks with Sarah Parker of SageView Advisory Group about the growing interest in private markets within defined contribution retirement plans. They...more

Tucker Arensberg, P.C.

The Third Circuit’s Anti-prejudice Holding in Allied Painting is Unpersuasive, Arbitrator Jaffe Rules.

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On September 2, 2025, Arbitrator Ira F. Jaffe refused to invalidate a 14-year-old withdrawal liability assessment merely because the pension fund did not issue the assessment “as soon as practicable,” as required by 29 U.S.C....more

A&O Shearman

UK Pensions: What’s New This Week? October 2025

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Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions....more

Proskauer - Employee Benefits & Executive...

Eleventh Circuit Holds Pension Fund Correctly Applied Partial Withdrawal Liability Credit

In Perfection Bakeries Inc. v. Retail Wholesale & Dep’t Store Int’l Union & Indus. Pension Fund, No. 23-12533, 147 F.4th 1314 (11th Cir. Aug. 1, 2025), the Eleventh Circuit affirmed that an employer’s credit for a prior...more

Goodwin

Simpler and More Streamlined Sustainability Disclosure for UK Private Fund Managers: Taking Stock and Comparing With the EU

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On 6 August 2025, the Financial Conduct Authority (FCA) published its multi-firm review (review) of climate reporting by private fund and other asset managers, life insurers, and FCA-regulated pension providers (firms). The...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

What Do Employers Owe When Withdrawing From Pension Plans? SCOTUS to Weigh In

The Supreme Court of the United States has agreed to hear a case to determine what interest rate assumptions should apply when an employer leaves a multiemployer pension plan. The case could have major financial implications...more

Bodman

Sixth Circuit Rules that Pension Fund Did Not Properly Calculate Withdrawal Liability

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When an employer has an obligation to contribute to a multiemployer pension fund, and the fund is underfunded (a deficit between assets and future projected payout obligations), an employer who ceases to have an obligation to...more

Orrick, Herrington & Sutcliffe LLP

Court dismisses Ohio pension fund’s securities suit against Freddie Mac

On August 29, the U.S. District Court for the Northern District of Ohio granted summary judgment to Freddie Mac and former executives, ending an investor suit brought by an Ohio state pension fund over alleged...more

BCLP

A Boon for Private Markets: Key Takeaways From the Executive Order on Access to Alternative Assets for 401(K) Investors and the...

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On August 7, 2025, the President issued a widely-anticipated Executive Order (“Order”) designed to facilitate broader access to alternative assets for 401(k) plan participants. The Order recognized that wealthy investors, as...more

Hogan Lovells

HL UK Pensions Law Digest 29 July 2025

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Welcome to our latest update, in which we cover:  Inheritance tax and pensions: revised policy Pensions Commission and State Pension age review Pensioner poverty: results of inquiry Pensions dashboards: clearing “data debts”...more

Jackson Lewis P.C.

Withdrawal Liability Collection Scope Expanded

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Takeaway Related Links Article The Third Circuit’s recent ruling enhanced a pension fund’s ability to pursue withdrawal liability collection against affiliated employers. The decision underscores the evolving nature of ERISA,...more

Ropes & Gray LLP

New York City Pension Funds Double Down on Decarbonization – New Expectations Will Impact Managers and Their Portfolio Companies

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Over the last few months, most of the attention in the climate space in the U.S. has been on the dramatic, and expected, shift in federal government policy. However, some “blue state” officials continue to seek to advance...more

Cadwalader, Wickersham & Taft LLP

“ToMAYto, ToMAHto”: District Court Holds That Differences in State Law Determine Whether Unpaid Annual Pension Contributions...

On March 21, 2025, the U.S. District Court for the Northern District of California affirmed a bankruptcy court’s dismissal of the San Benito Healthcare District’s chapter 9 bankruptcy petition on the grounds that the...more

Baker Botts L.L.P.

NYC Pension Funds Signal Growing Commitment to Renewable-Focused Investment Strategy

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New York City’s latest proposal to adjust its pension fund investment strategy reflects a broader institutional pivot toward long-term sustainability and climate resilience. Comptroller Brad Lander has introduced a measure...more

Seyfarth Shaw LLP

Split Decisions on Standing: Courts Diverge on Pension Risk Transfer Class Actions

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Two courts. Two opposite rulings. One critical question: Do plaintiffs have standing to challenge pension risk transfers under ERISA?...more

Hogan Lovells

UK pension trustee liability insurance: Key insights for trustees

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Pension trustee liability (PTL) insurance can be a crucial safeguard for trustees of UK pension schemes. This article explains: the cover typically provided; the importance of timely notifications; exclusions (what isn’t...more

Verrill

Spence v. American Airlines: A Texas Court’s View of the Duty of Loyalty under ERISA

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Since we last discussed environmental, social, and corporate governance (“ESG”) developments in the context of ERISA retirement plans, ESG litigation has taken a rather unexpected turn. Although the plan lineup in Spence v....more

Cozen O'Connor

Broad Street Brief: City Council Returns from Winter Recess

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Mayor Parker Expresses Openness to Working with Trump Admin. Mayor Cherelle Parker expressed a willingness to collaborate with President Donald Trump on shared priorities, emphasizing the need for bipartisan cooperation to...more

Bennett Jones LLP

Attracting Pension Fund Investment in Canadian Venture Capital

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The Canadian government has announced new measures in its 2024 Fall Economic Statement to facilitate increased pension fund investment in the country’s venture capital (VC) sector. This includes a commitment of $1 billion to...more

Blake, Cassels & Graydon LLP

Énoncé économique de l’automne de 2024 : Aperçu des mesures clés qui toucheront les fonds de pension canadiens

Le 16 décembre 2024, le ministère fédéral des Finances a publié l’Énoncé économique de l’automne de 2024 (l’« ÉÉA de 2024 »), lequel fait suite aux mesures annoncées précédemment par le gouvernement fédéral dans l’Énoncé...more

Blake, Cassels & Graydon LLP

Canada’s Department of Finance Releases 2024 Fall Economic Statement With Impacts to Pensions

On December 16, 2024, the Department of Finance published the 2024 Fall Economic Statement (FES). The FES builds on the federal government’s earlier announcements in the 2023 Fall Economic Statement, as discussed in our...more

Fenwick & West LLP

EY Survey Reveals Emerging 'Say-Do' Gap between Sustainability Reporting and Investing

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EY just released its 2024 Institutional Investor Survey, for which it surveyed 350 investment decision-makers from institutions around the world, including asset management firms, wealth management firms, insurers and pension...more

Fenwick & West LLP

Net-Zero Alliance Investors with Over $9.5 Trillion in Assets are Urging Mandatory Scope 3 Disclosures

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The Net-Zero Asset Owner Alliance (the Alliance), an influential coalition of pension funds and insurance companies holding a combined $9.5 trillion in assets, released a report on Wednesday calling on regulators worldwide to...more

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