CANADA - The proposed merger between the Montréal Exchange (MX) and the Toronto Stock Exchange (TSX) to create the TMX Group has been supported by the Caisse de dépôt et placement du Québec, the CAN$143.5bn (US$143.9bn) Québec pension fund manager.
However, on inspection of documents released to investors it concluded the project offered advantages for all the parties and therefore endorsed the move.
However, the Caisse called for measures to be put in place to ensure the merged group would become "a stronger, more viable institution".
These included a formal guarantee that the derivatives trading activities of the group would remain the responsibility of MX and that the group appoint directors resident to Québec.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.