EUROPE - A Finnish pension fund and a pension insurance company have pledged over €100m (US$155.5m) to Portuguese retail property.
Sonae Sierra launched its second shopping centre investment fund, SPF, with a total equity of €300m.
The SPF is seeded with eight Portuguese shopping centres, representing a total market value of over €425m, and also benefits from a pipeline of three projects currently being developed in Portugal, whose estimated market value, after completion, will be €235m.
Many single-employer trust-based DC schemes will move to a master trust in coming years. Stephen Richards looks at the pitfalls they need to avoid
Robin Ellison says it is not unreasonable for schemes and their trustees and sponsors also to expect an improvement in the tone of regulation
The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.