The Universities Superannuation Scheme has decided to sell its stake in Océ to Canon after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension fund's request to investigate Canon's tender offer to buy Océ.
In February, USS alleged in a joint request with Hermes that the position of minority shareholders deteriorated following Canon's offer. It also asked the Amsterdam Court of Appeals for the suspension...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.