NETHERLANDS - ABN AMRO has received the go ahead from the Dutch central bank (DNB) to separate out its asset management business to join with Fortis.
Jean Paul Votron, CEO, Fortis, commented: "This is a major step forward and a key milestone in the integration process of the ABN AMRO activities that will join us."
Fortis and ABM AMRO said they expected the demerger to complete at the end of Q1, subject to consultation with the Works Council.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers