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.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.