UK - Demand for central London office leases is at its lowest level for 10 years, Jones Lang LaSalle reports.
The property investment management firm said prices for property that was most at risk of standing empty were falling but properties with long-term income streams were holding steady in value.
West End investment director Julian Stocks said: “Anything with short-term income or immediate letting risk is now heavily discounted.”
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.