News

ICELAND - A group of Icelandic pension funds will buy a 25% stake in geothermal power company HS Orka for ISK8.06bn ($71.5m) from Magma Energy, the firm said.

UK/US - Principal Global Investors has acquired a majority stake in London-based emerging markets specialist Finisterre Capital.

BNY Mellon, BA, Russell Investments, HamishWilson, Pictet, BlackRock, Towers Watson

UK - A third BA pension scheme trustee has quit the scheme in the row over future indexation saying the scheme had become a ‘political football'.

GLOBAL - The International Monetary Fund has become the latest financial body to express concerns about the growth of the ETF industry.

Civil servants challenge 'unacceptable' pensions change; Nest spurs DC member contact; Andrew Kirton: Adviser moves into pension risk control to keep ahead; Pension funds fight EU plan on derivatives

Sustainability criteria such as ESG criteria are too important to be ignored in investment decision making, research by Allianz Global Investors suggests.

Only 7% of workplace pension professionals believe employers would set up trust-based schemes to take advantage of short-service refunds, a study shows.

Travis Perkins has reported a £32m scheme surplus after making a one-off £35m contribution into the fund, introducing a contingent asset and capping pensionable salary increases at 3%.

A third BA pension scheme trustee has quit the scheme in the row over future indexation saying the scheme had become a ‘political football'.