CHINA/ NETHERLANDS/BELGIUM - Haitong Securities, one of the largest securities companies in China, and Fortis Investment Management (FIM) have received a licence from the China Securities Regulatory Commission to set up a joint venture, Fortis Haitong Investment Management.
FIM will initially own 33%, rising to 49% after three years of operation. Fortis Haitong Investment Management will offer mutual funds investing in the local A-share market to Chinese investors.
The Howden Group Pension Plan has completed a full pensioner buy-in with Legal & General (L&G), insuring benefits for around 2,000 members.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?
Concern about the potential impact on employer covenants has been rated the top risk for defined benefit (DB) schemes, according to a PTL survey.
Jonathan Stapleton says the DWP's progress on CDC is a welcome, and cautious, step forward.