News

PRUPIM has acquired a £67m Tesco superstore in Cardiff for the M&G Secured Property Income Fund.

HMRC has backtracked on rules that could have left some investors trapped in poor personal pensions, in response to pressure from pension providers.

UK - Employer contributions to funded workplace pensions have risen by £16bn ($26bn) in just two years, as employee contributions plummeted by £3.5bn over the same period, figures show.

US - BlackRock has appointed Jack Chandler as global head of real estate.

NEW ZEALAND - The New Zealand Superannuation Fund has returned 23.04% since the start of its fiscal year in July.

EUROPE - Pension funds are increasingly performing due diligence on exchange traded fund providers and could be the fastest growing client base going forward, said Valérie Baudson, managing director at Amundi ETF.

The UK defined contribution marketplace is significantly less open and dynamic than that of the US, latest DCisions research reveals.

The Home Retail Group Pension Scheme has shrunk its deficit by 70% following strong market performance and additional employer contributions.

Employer contributions to funded workplace pensions have risen by £16bn in just two years, as employee contributions plummeted by £3.5bn over the same period, figures show.

Increases to state pension age will hit the poorest men in society hardest, as one-fifth die before they can draw a pension, a former pensions minister says.