The UK government's Green Investment Bank (GIB) will be sold to Australian bank Macquarie Group for £2.3bn, in a deal that involves Universities Superannuation Scheme (USS) becoming an investor.
The GIB was first launched by the government in 2012 to invest in renewable energy, but its board decided the right route was privatisation as this would attract new investors. It has so far backed 99...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
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.