Active management firms' revenue worldwide declined by 30% - 50% last year, Watson Wyatt research reveals.
The consultant said increasing pressure on profitability at active asset management firms this year was likely to cause considerable changes in the industry. It urged asset owners to prepare accordingly....
The Pensions Regulator (TPR) has issued its first fine over a scheme failing to prepare an annual governance statement signed by the chair of trustees.
The Pensions Management Institute (PMI) and the Association of Professional Pension Trustees (APPT) have launched a consultation on introducing a Diploma in Pension Trusteeship.
Schemes were urged to see the post referendum environment as a “world of opportunity” by an investment panel at PBUK.
The Pensions Regulator (TPR) does not recognise success by how often it uses its anti-avoidance powers, says Lesley Titcomb.