The Universities Superannuation Scheme Limited (USS) has bought a 49.9% stake in Airport Link Company which operates stations on Sydney's underground Airport Line railway.
The deal is the scheme's second major foray into Australian infrastructure in twelve months, coming after the £75m acquisition of Brisbane Airtrain this time last year (PP Online, 27 March). It is part...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.