News

CANADA - Canada Pension Plan Investment Board has agreed to buy a 50% stake in Europe's largest retail complex, CentrO near Dusseldorf, Germany, for about €700m ($949m), according to three people with knowledge of the transaction.

NETHERLANDS - Four Dutch pension schemes will be cutting their payments next year if they continue failing to meet their recovery plans, said the Pension Federation.

UK - Members of mobile phone firm O2's final salary scheme have avoided the scheme closing by voting to increase their contributions from 6% to 10%.

US - The Illinois State Board of Investment is considering whether to reallocate part of its non-US equity portfolio to dedicated emerging market managers.

The House of Commons has approved an order to move from RPI to CPI index linking for public sector, state additional and occupational pensions.

KPMG has launched a DC solutions practice and appointed pensions partner Gurmukh Hayre to lead the business.

A warm Isle of Man welcome for pension pots; Steps to help you transfer into a Sipp; Saving on the job set to be next big thing

JLT Benefit Solutions has appointed Malcolm Paul as chairman of JLT Employee Benefits Scotland to increase its focus on the Scottish market.

Final salary members could see 4% slashed from their benefits after the Bank of England used miscalculated inflation rates for more than a decade, experts say.

The Loomis UK Pension Scheme has appointed Mercer to provide its administration services.