Icelandic retail group Baugur is set to make a formal bid for House of Fraser after reaching a deal over its £106m pension scheme deficit.
Sources say scheme trustees now consider the issue “done and dusted” which would clear the way for Baugur to make a formal bid. Baugur has already spent around 10 weeks looking at the retailer’s accounts...
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.