UK - Morley Fund Management and Parkridge Developments have teamed up to launch a central European distribution warehousing parks fund.
The fund will buy and develop logistics sites on a pre-let and speculative basis in Poland, Hungary, Slovakia and the Czech Republic.
The e200m (£136.8m) fund’s current investors are Parkridge and three Morley-managed Norwich Union life funds.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).