UK - Hermes Private Equity (HPE) has acquired Thomas Estates - owner of three large bingo clubs and 24 adult gaming centres for an undisclosed amount.
The move saw HPE, the private equity arm of Hermes Pensions Management, expanding its planned niche-roll out. Back in April, HPE acquired bingo operator Mayfair Gaming from Risk Capital Partners for a...
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.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.