CANADA/UK - Canada Pension Plan Investment Board and Onex Corp. have garnered sufficient shareholder support for their £2.89bn ($4.4bn) purchase of Tomkins Plc.
About 90% of Tomkins voters backed the bid at a general meeting today, the London-based maker of auto parts and bath tubs said in a statement. Investors will receive 325 pence per share in cash, 41% higher...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
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