News in brief – 5 August 2022

The Financial Conduct Authority (FCA) has announced that it will open a new office in Leeds in September.

The regulator has signed a deal for premises at 6 Queen Street and will be recruiting to fill more than 100 new roles based in Leeds. Its Digital Delivery Centre will be based in the city, alongside other key FCA business teams. FCA director of change and transformation, William Hague, is leading the establishment of the office and Phil Nixon has been appointed as head of the Digital Delivery Centre.

Just Group has warned that retirees are missing out on 15 per cent a year extra income by not shopping around for Guaranteed Income for Life products.

It encouraged retirees not to accept the first offer when seeking to use pension money to buy Guaranteed Income for Life but to shop around for ‘personalised’ rates that take their health and lifestyle into account. Just Group found that the difference between the best and worst providers can be up to 15 per cent a year and the two-thirds of retirees likely to be eligible for extra due to medical conditions or lifestyle factors could enhance that further.

Macquarie Asset Management, on behalf of one of its managed accounts, has agreed to acquire a City Flex logistics facility in Poland from a 7R-led consortium of investors for approximately €29m.

Comprised of three buildings, the logistics facility is in close proximity to Warsaw Airport and “enjoys easy access” to the city centre and major express roads. The complex is fully-leased to seven local and international tenants and has been awarded a ‘Very Good’ rating under BREEAM’s sustainable building certification scheme. The investment follows an earlier agreement announced by Macquarie Asset Management and 7R to acquire a portfolio of logistics facilities in key urban and industrial centres across Poland.

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