Pension funds facing huge losses on property deals
Language: English Series: Guardian ; 17 June 1992, 10(1)Publication details: 1992Subject(s): Summary: Examines how a loophole in new investment rules aimed at protecting members of pension funds could affect the funds, due to losses on property deals. Property assets already owned by pension funds are exempted from the 5% self-investment ceiling. Considers this exemption with relation to the Lep Group`s pension fund.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2824-21 (Browse shelf(Opens below)) | 1 | Available | 39141-1001 |
Examines how a loophole in new investment rules aimed at protecting members of pension funds could affect the funds, due to losses on property deals. Property assets already owned by pension funds are exempted from the 5% self-investment ceiling. Considers this exemption with relation to the Lep Group`s pension fund.