ABERDEEN Asset Management has bought Goodman Property Investors in a deal worth up to £109m.
The asset management firm said the purchase was for an initial cash consideration of £89m, a sum of around £8.4m linked to the value of assets at completion and a deferred consideration of up to £12.5m...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.