Including: UK - Pensions Regulator survey results; CANADA - Caisse buys into Legacy Hotels; UK - Islington appoints AEIA; UK - LPFA appoints ING Real Estate
UK – Pensions Regulator survey results
The results of the second occupational pension scheme governance survey have revealed improvements in areas including trustee training, governance, the recruitment and retaining of trustees, and the management of conflicts of interest.
However, risk management, internal controls and the management of scheme administration were highlighted as areas which had seen little improvement.
CANADA – Caisse buys into Legacy Hotels
The Caisse de dépôt et placement du Québec is part of a consortium of investors which has agreed a C$12.60 per share offer for Legacy Hotels.
The all-cash transaction is valued at around $2.5bn, including debt.
UK – Islington appoints AEIA
The London Borough of Islington Pension Fund has appointed AllenbridgeEPIC Investment Advisers (AEIA) as an independent adviser.
One of the first things AEIA will be called upon to do in the role will be to assess the performance of the fund’s current investment managers.
UK – LPFA appoints ING Real Estate
London Pension Fund Authority (LPFA) has appointed ING Real Estate to manage a global real estate mandate worth £150m.
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.