Providers of European Exchange Traded Funds can double their funds’ stated management fees through ancillary activities such as securities lending, other enhancements and trading activities, research says.
The Deutsche Bank report also found synthetic ETFs are the most profitable, generating an average gross profit margin of 69% for their issuers, whereas physically replicated ETFs produce an average gross...
Scottish Widows has secured its second bulk annuity deal with a £54m buy-in for Barloworld UK Pension Scheme after the insurer entered the market last year.
Malcolm McLean looks at how changes to the state pension may negatively affect women.
Shalin Shah looks at how smart beta is being used in credit and asks whether there is a different way.
Marks and Spencer (M&S) has announced proposals to close its UK defined benefit (DB) scheme to future accrual as it sets out a turnaround plan for the business.