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Commonwealth Bank of Australia UK Staff Benefits Scheme Conducts Pension Risk Transfer

Commonwealth Bank of Australia UK Staff Benefits Scheme Conducts Pension Risk Transfer Posted on 07/13/2021 London-based Commonwealth Bank of Australia (UK) Staff Benefits Scheme conducted a pension risk transfer that covers the liabilities of 440 plan participants who are yet to retire and 740 retirees. Legal & General Assurance Society insured £420 million in liabilities in a full buy-in. Lane Clark & Peacock was the adviser on the deal. “We are very pleased to have insured the pension benefits for all members of the defined benefit section of the scheme, achieving our goal of providing members with long-term certainty,” Peter Thompson, professional trustee at Capital Cranfield Pension Trustees, said in a media release.

China s Antitrust Regulator Orders Tencent Music to Give Up Exclusive Rights to Music Labels

China’s Antitrust Regulator Orders Tencent Music to Give Up Exclusive Rights to Music Labels Posted on 07/12/2021 China’s State Administration of Market Regulation (SAMR), the country’s antitrust regulator, ordered Tencent Music Entertainment Group to give up its exclusive rights to music labels. Tencent Music Entertainment Group is the music streaming unit of Tencent Holdings Limited. SAMR issued a 500,000 yuan penalty to Tencent Music Entertainment Group for misreporting the acquisition of two apps. Get News Stories Delivered to Your Inbox Your Email: We ll deliver the most current and interesting sovereign wealth and financial news straight to your inbox © 2008-2021 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliati

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