NETHERLANDS - Europe's largest pension fund, ABP, has purchased a minority stake in Innovest Strategic Value Advisors, the specialist investment firm based in London and New York.
The Dutch-based e140bn pension fund made the move as a strategic investment aimed at boosting its environmental, social and corporate governance expertise.
Innovest’s research and analytical models focus on intangible drivers of corporate risk and constructs investment products around them.
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.