The UK government's Green Investment Bank (GIB) will be sold to Australian bank Macquarie Group for £2.3bn, in a deal that involves Universities Superannuation Scheme (USS) becoming an investor.
The GIB was first launched by the government in 2012 to invest in renewable energy, but its board decided the right route was privatisation as this would attract new investors. It has so far backed 99...
The Pensions Regulator (TPR) has banned two trustees after they lost over £15m of members' funds in unregulated investments.
Clarity over the controversial money purchase annual allowance is needed after it was removed from the Finance Bill, according to Pensions Buzz respondents.
Frank Field is pressing Sir Philip Green to publish undisclosed details about the settlement he reached with The Pensions Regulator (TPR) on British Home Stores (BHS) at the end of February.
The Department of Work and Pensions (DWP) will amend legislation to allow contracted-out benefits to be transferred into a scheme which has never been contracted-out.