UK - Shareholders have reacted angrily to revelations that 20% of Monsoon may be sold to a trust with links to the company's executive chairman.
Jupiter Asset Management – a fund manger representing institutional investors including pension funds – sold its holdings in the company after the offer was made earlier this month. It held 10% of the free float.
The NAPF said: “We have sympathies with the views expressed by other institutions and shareholders, but it is an investment issue and it is within investment rules.”
The Pension Protection Fund (PPF) has published contingency planning guidance for trustees to help them manage risk.
The trustees of the Autoenrolment.co.uk and Moore Stephens master trusts have been fined for "deficient" chair's statements after failed court action against The Pensions Regulator (TPR).
Henry Tapper shares his thoughts on how IGCs could provide value for money statements that people wanted to read