Transactions means over three-quarters of the UKRF’s pensioner longevity risk is now hedged
Commission fines UBS, Barclays, RBS, HSBC and Credit Suisse over FX spot trading cartel
Investors have placed more than £90bn in orders, reports say
Chrysalis Investments leads the £165m Series D funding round so far with £75m of capital
Smart Pension and Barclays have partnered to provide small- and medium-sized enterprises (SMEs) with a quicker pensions solution with a wider selection of investment funds.
The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA).
Formerly UK-centric Smart will launch in three new territories next year as part of an expansion following the close of its most recent funding round.
Jupiter Asset Management has become the latest investor to put pressure on Barclays Bank to phase out the provision of financial services to the fossil fuel sector and utilities that are not aligned with the Paris climate goals.
This week’s top stories included further calls for reforms of the pension freedoms, and prevailing uncertainty over cuts to tax relief on pension contributions.
Nest has demanded Barclays provide a “robust plan” on winding up investments into fossil fuel providers.