Investment

Sanlam International Investment Partners has bought a 29.9% stake in FOUR Capital Partners for an undisclosed sum.

Auto-enrolment regulations put forward by the government will not work in practice and need to be revisited, the National Association of Pension Funds says.

Trinity Mirror has announced it is entering a two month consultation period with employees over its proposal to close its defined benefit pension schemes to future accrual.

UK - The Universities Superannuation Scheme has bought an industrial park in West London for £110.4m (US$182.3m).

NEW ZEALAND - Legislation allowing new Zealanders working in Australia to move their retirement savings back to their home country will be introduced into Parliament in the next two weeks, said minister of finance Bill English.

UK - British Airways saw its net pensions deficit increase from £307m (US$509m) to £2.6bn following an interim valuation.

Workplace pension reforms will cause substantial costs and administration increases for small and medium enterprises, the Association of Chartered Certified Accountants warns.

The Pensions Regulator is set to launch a campaign on governance and administration as part of its overall strategy to get employers more involved with pensions ahead of 2012.

The Universities Superannuation Scheme has bought an industrial park in West London for £110.4m.

Tate & Lyle has begun a consultation with employees over the closure of its defined benefit scheme to future accrual from April 2011.