Loan notes find favour as asset-backed funding

clock

Loan notes are becoming popular in asset-backed funding as pension schemes and sponsors increasingly use special purpose vehicles (SPVs) to reduce scheme deficits, lawyers say.

Marks & Spencer was the first company to place properties in a Scottish Limited Partnership (SLP), a kind of SPV, six years ago (PP Online, 23 January 2007). The properties were leased back to t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

PRA launches consultation to enable insurers to accelerate UK investment

PRA launches consultation to enable insurers to accelerate UK investment

Framework looks to reduce barriers to enable insurers to benefit from investment opportunities

Martin Richmond
clock 16 April 2025 • 2 min read
UK inflation falls to 2.6% in March amid warnings of further price rises

UK inflation falls to 2.6% in March amid warnings of further price rises

CPIH at 3.4% in March, with inflation down from previous month's 2.8%

Sorin Dojan
clock 16 April 2025 • 2 min read
Nest Insight receives £1.5m commitment from The BlackRock Foundation

Nest Insight receives £1.5m commitment from The BlackRock Foundation

Commitment to help build on work to boost UK savings over the next three years

Holly Roach
clock 15 April 2025 • 1 min read
Trustpilot