Citigroup buys out Thomson pensions; Goldmans in $2bn fund bail out; Markets rebound after banks calm investor fears; Credit turmoil hits banks funding Delta's offer for Sainsbury
Citigroup buys out Thomson pensions Financial Times (FT p18) Citigroup has reached agreement to buy the £200m closed pension fund of Thomson Regional Newspapers, becoming the first bank to take control...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.