Today, the Bank of England Monetary Policy Committee (MPC) raised bank rate by 0.25% to 4.50%. This is the twelfth consecutive rate increase delivered by the Bank over the past 18 months.
The Bank of Japan held a monetary policy meeting – the first led by the new Governor, Kazuo Ueda. Here we highlight a few key points from the meeting and why it should be of interest to UK pension schemes.
We have provided a response to the new Funding Code from The Pension Regulator. Our response focuses on covenant and investment matters, and provides insight into the positive steps taken by the regulator, potential unintended consequences, and the importance of smarter covenant advice.
Alex Hutton-Mills, Managing Director – Cardano Advisory, comments on the Spring Budget and the considerations for businesses supporting pension schemes and pension scheme Trustees.
After an extensive search, Allianz has chosen Cardano, as its asset manager for the defined contribution schemes of Allianz Pensioen and Allianz PPI Pensioen in the Netherlands. In total, Cardano will manage more than €2 billion of assets for Allianz.
Cardano advised Amey, a leading British infrastructure services and engineering company, through its recent sale by Ferrovial to consortium purchasers One Equity Partners and Buckthorn Partners. The transaction represented an enterprise value of £400 million.
Senior Economist, Shweta Singh, comments on the latest interest rate decisions from the Federal Reserve, Bank of England, and the European Central Bank.
