EUROPE - Insignia Financial Group and CB Richard Ellis have formally completed their merger following a positive vote from Insignia shareholders.
The new CB Richard Ellis will have a turnover of $1.7bn, and a workforce of over 14,000 in more than 250 offices in 48 countries around the world.
European CEO Alan Froggatt commented: “The property market is becoming ever more complex and for many clients increasingly international.
“We are embracing this opportunity to provide the most comprehensive offer, both in terms of local market skills, personal service and geographic coverage.
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