The European Commission has adopted a proposal for a Financial Transaction Tax to be introduced in eleven countries, without an exemption for pension funds.
The tax would apply to trades with any company or product located in the countries - potentially hitting transactions across the globe. The ‘Tobin' tax would impose rates of 0.1% for shares and bonds...
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.