UK/NETHERLANDS/BELGIUM - The Royal Bank of Scotland Financial Markets is to market Fortis Investment Management's inaugural managed synthetic CDO.
In addition to a E870m super senior credit default swap, Reubens I CDO will offer four tranches of notes totalling E130m, with an average life of seven years and legal final of eight years.
The deal is expected to total E1bn and is referenced to investment-grade corporate credits.
The deal is expected to close this month.
There is currently no indication of likely price talk from RBS.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.