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 Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.