Pension Insurance Corporation (PIC) has invested £37m in a student accommodation project at the University of Exeter to help match its liabilities and give regular cashflows.
The funds, invested with the University Partnerships Programme (UPP), will be used in the development of 382 new student bedrooms at on-campus student accommodation buildings - Spretonway and Moberly -...
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.
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.