INCLUDING: UK - Minister speaks about M&A, CANADA - Mountie finance chief steps down, UK - FTSE launches new REIT index
UK - Minister speaks out on M&A
Minister of state for pension reform, James Purnell, has reportedly said trustees could look at the pensions regulator as an ‘effective backstop’ for negotiations in mergers and acquisitions.
The speech, made at the TUC annual conference, was in response to recent high profile cases.
CANADA – Mountie finance chief steps down
The chief financial officer of the Royal Canadian Mounted Police (RCMP) has stepped down following a pension fraud investigation.
Deputy Commissioner, Paul Gauvin, has not left the force, but instead taken the role of special adviser on major capital projects after receiving criticism in David Brown QC’s report two weeks ago.
UK - FTSE launches new REIT index
FTSE has launched the EPRA/NAREIT Europe REITs and Non-Reits indices, suitable for index funds, warrants and exchange traded funds (ETFs).
Currently, the European REITs index includes 36 companies from six countries.
FTSE said the indices were transparent, free float adjusted and calculated on a daily basis.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.