CANADA - The shareholders of the Macquarie Communications Infrastructure Group (MCG) have ratified the acquisition offer made by the Canada Pension Plan Investment Board (CPPIB) in March.
CPPIB Private Investments senior vice-president Mark Wiseman said: "This transaction enables us to expand our infrastructure portfolio with the acquisition of a diversified group of high-quality infrastructure assets that we believe will deliver stable cash flows to the CPP Fund for many years to come."
The transaction, proposed to be implemented via inter-conditional schemes of arrangement, is still subject to formal court approval in Bermuda and Australia on July 2 and July 3 respectively.
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.