UK - The Association of Property Unit Trusts has teamed up with its European counterpart to promote best practice and transparency among pooled property vehicles.
APUT and the European Association for Investors in Non-listed Real Estate Vehicles say they will look at extending APUT’s code of practice to encompass a broader range of funds, such as limited partnerships.
Additionally, they will examine plans to extend property indices to include European non-listed vehicles.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.