CHILE/CANADA - The Ontario Teachers' Pension Plan plans to bid to increase its stakes in two Chilean water utilities.
The C$107.5bn ($111.2bn) pension fund manager already owns a 51.1% stake in both Essbio S.A. and a 69.8% stake in Esval S.A.
The Chilean government entity CORFO is holding the auction on 15 July, but will maintain a 5% stake in both utilities. This will allow the government to hold on to veto rights around issues like water rights transfers and utilities concessions, OTPP said.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers