CITIGROUP's acquisition of the £200m Thomson Regional Newspaper Pension Fund will "throw the business model" of traditional buyout specialists into doubt, an adviser claims.
In return for taking on any future risk in the scheme, Citi – which will acquire the sponsoring employer in order to get to the pension fund – will keep any surplus when it is finally wound up. And...
Stephen Jones says the broader 'outside' world might be fraught with challenges, but companies are prospering and voicing few concerns. However, caution is warranted
This week's top stories included the 'Buck' name being revived as Conduent sold off the HR consulting business to a private equity investor.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.