CANADA - The C$91bn Canada Pension Plan (CPP) Investment Board has awarded TD Capital Private Equity Investors a $400m mandate for the Canadian private equity and venture capital market. CPP announced this week TD Capital would manage and invest the sum, $250m of which will go into a Canadian small and mid market buyout fund of funds, while a further $150m will go into a Canadian venture capital fund of funds. The CPP Investment Board has commitments to private equity totalling around $10bn, of which nearly $2bn is to Canadian private equity and venture capital, making the CPP Investment Board one of the largest investors in Canadian private equity and venture capital.
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?