news in brief

• Rupert Sheldon has quit as manager of the £250m Hendersons UK Property fund to run the recently l...

• Rupert Sheldon has quit as manager of the £250m Hendersons UK Property fund to run the recently launched £150m Palmer Active Value offering. Palmer Capital Partners Limited (PCP) launched its fund management arm last year targeted at institutional investors. Sheldon has worked at Hendersons for the past nine years. • The Government and public sector unions have agreed a set of principles for the reform of pension schemes in health, education and the civil service. Under the deal, workers will still receive defined benefit pensions but the normal retirement age will be changed from 60 t...