QATARI investment fund Delta Two has terminated its £10.6bn offer to take over the Sainsbury's supermarket chain blaming market turmoil and failure to gain the backing of the pension fund trustees.
Agreement with the trustees was said to be the last major obstacle to the protracted negotiations which began in July. The Sainsbury family – which controls 18pc of the company – was reportedly reluctant...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.