UK - Friends, Ivory & Sime's private equity unit ISIS Capital has sold its 20% stake in bonmarche, the womenswear retailer, for about £18m.
ISIS paid £7.3m for 20% of bonmarche last year and will receive £12.8m in cash plus £4.6m in shares. Its share was sold to retail company the Peacock Group.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).