FINLAND - Finnish Pension Insurance company Ilmarinen has appointed Aberdeen Property Investors to create and manage an international indirect investment property portfolio.
Ilmarinen has an existing direct property portfolio of circa E2.4bn, invested in Finland.
Ilmarinen will start investing in other European markets during 2003.
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.