US/JAMAICA - The US$10.8bn Public Employees Retirement System of Idaho (PERSI) has signed a US$40m deal in partnership with the Koll Company to take over a California business park.
Armando Enriquez, acquisitions manager, Koll, said: "This was an opportunity to acquire one of the largest multi-tenant business campuses in Southern California. This variety of product appeals to a diverse set of tenant types and the diversification helps limit risk exposure to any one tenant type."
Also, the trustees of the Jamaican Cable and Wireless (C&W) pension fund have placed four properties up for sale as part of a strategic realignment of the funds portfolio.
Three of the properties, based in New Kingston, include an office complex, shopping centre and land for development, while the fourth is a shopping venture situated in Montenegro Bay.
The fund said the properties would sold to the highest bidder through a sealed bid process, closing 12 September.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.