INCLUDING - OTPP firm over BCE repricing; Indian government criticised.
CANADA - The Globe and Mail reported that the Ontario Teachers' Pension Plan would not reprice its C$34.8-billion takeover of BCE Inc, despite current credit market activity prompting rumours it may do so.
The paper quoted BCE spokesman William Fox as saying: "I can categorically deny that there are any discussions under way regarding repricing."
INDIA – The Hindu newspaper has said pensioners feel the government should use fund assets for developing infrastructure instead of opting for a new pension scheme.
The paper quoted D. Gopalakrishnan, president of the Tamil Nadu BSNL Pensioners Association, saying that the Government could meet the urgent needs of the country such as drinking water, electricity and transport in both urban and rural areas with the funds.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.