UK - Hermes Pensions Management is still considering its position regarding its takeover bid for Edinburgh Fund Managers.
Hermes increased its holding in the Scottish firm to 29.3% late last year. News of Hermes’ interest has pushed up EFM’s share price from a low of £3.45 last October to £5.35 last week.
Hermes chief executive Tony Watson has been reported as denying that Hermes had done anything untoward in making an approach, and that EFM had not been kept in the dark about a possible takeover.
By David Rowley
Shayla Reid asks how the pensions industry can engage Gen Z with long-term savings.
The Court of Appeal has dismissed ITV's appeal against a financial support direction (FSD) issued by The Pensions Regulator (TPR) in a long-running case over the Box Clever Pension Scheme.
Local Government Pension Scheme (LGPS) funds must set investment objectives after the competition watchdog expanded those caught by its market investigation, but more clarity is needed, Hymans Robertson has said.
The number of women participating in a workplace pension has increased by 70% since auto-enrolment (AE) began, analysis by Equiniti reveals.