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....
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Nearly a million savers could be paying more tax on their pension than required, simply because they have been given the wrong tax code, Royal London has claimed.
The Conservative Party is considering retaining the triple lock protection for the state pension, according to reports.
Good default options along the whole savings journey are more important than engagement, according to research by the People's Pension and State Street Global Advisors (SSGA).