The BT Pension Scheme (BTPS) and the Canada Pension Plan Investment Board (CPPIB) have formed a 50:50 property joint venture.
The portfolio will initially include eight Central London office assets from BTPS's existing portfolio. CPPIB will invest £173.9m to acquire a 50% interest in this core-plus/value-add portfolio, with...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.