The Parliamentary Omb-udsman’s report into whether Government “maladministration” harmed members of occupational pension schemes in wind-up has been delayed until October as the Government wants to present new evidence.
The total deficit of UK companies’ final-salary pension plans stands at 100bn, according to analysis by Deloitte. This is an improvement from 130bn at the start of 2005, aided by the 10 per cent rise in the stockmarket since January 1. Deficits among FTSE 100 companies have decreased to 52bn from 65bn at the start […]
Over 70 per cent of Child trust fund vouchers accounts opened are invested in cash, according to the Building Societies Association.Since launch, the eight BSA members offering cash and stakeholder options have opened around 270,000 CTF accounts with 70 per cent opting for cash.Net receipts of over 12m were taken into cash accounts in June […]
The cost of the Pension Protection Fund will be significantly higher than 300m a year after its calculations revealed the UK’s total pension deficit is 134bn. The revised estimate will be announced at the end of November on the same day the Turner Commission is due to report. The PPF last week unveiled the calculations […]
Schroders’ multi-manager team has reduced its exposure to private equity firms after two of its investments reached a premium to net asset value.
In this brief video, Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM), introduces the Global Multi Asset Portfolios (GMAPs), touching on the distinctive investment approach used to manage asset allocation across the funds.
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It is sometimes all too easy to forget that pensions are about income throughout retirement, especially when members are having huge capital sums dangled under their noses like juicy carrots. In final salary land, the current excitement over defined benefit transfers is driven by the enticing sums on offer. It is not surprising 80,000 people […]
Firms say they will finalise plans to move capital and staff across Europe by Q1 2018 Asset management firms expect to have their post-Brexit contingency plans in place by the first quarter of next year, despite fears of a lack of a deal between the UK and the European Union, a Member of the European […]
New entrants to the asset management space will not get authorised unless they meet the same high standards as incumbents, the FCA has said as it launches a hub for start-up fund firms. Earlier this week, the FCA said it would support new entrants to get their FCA permissions through a new suite of services, […]