SCOTLAND - The British Airways Pension Investment Fund has bought a £17.7m freehold in one of Edinburgh's largest retail warehouse parks.
It is estimated that the purchase of Phase 2 Straiton Retail Park – from Scottish Metropolitan Property – will show a net yield of more than 6%.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.