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Pension funds are invested into financial markets with the long-term goal of providing retirees with comfortable levels of income in their later years. In early March, the FCA published an update on their plans for financial regulation within the markets.
Synopsis
The store coming up in VR Mall in Whitefield is expected to be operational next year. The deal has a lock-in period of 15-20 years.
Agencies
IKEA Purchasing has been sourcing from India for over 35 years and has over 60 suppliers with 45,000 direct employees and 400,000 people in the extended supply chain in India producing for IKEA stores worldwide.
Global furniture giant IKEA has rented 100,000 sq ft in Bengaluru to set up its first store in the city, in what is being seen as the largest retail leasing deal this year.
The store coming up in VR Mall in Whitefield is expected to be operational next year. The deal has a lock-in period of 15-20 years.
IKEA s arm plans to open shopping mall in Noida, its first in India
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IKEA s arm plans to open shopping mall in Noida, its first in India
Reuters / Updated: Feb 19, 2021, 16:11 IST
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STOCKHOLM: IKEA plans to open its first shopping centre in India after the furniture giant s shopping centres business - one of the world s largest - said it had bought a 48,000-square-metre plot in the city of Noida on the outskirts of Delhi.
IKEA, which opened its first store in India in 2018 in Hyderabad followed by one in Mumbai in 2020, said it would develop the new site into a mall anchored by an IKEA store.
| UPDATED: 07:35, Wed, Jan 20, 2021
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Pension rules will change soon as from February 1, new regulations from the FCA will force providers to be more open with their customers. The new regulations are designed to protect consumers who do not take regulated financial advice, with the FCA being concerned that many consumers often make poor retirement decisions.