Investment

Nearly four-fifths of scheme managers have welcomed the government's decision to investigate alternative methods of implementing tax-relief restrictions on pension contributions - including reducing the annual allowance to as little as £30,000

Japanese fund house Chuo Mitsui and Standard Life Investments have partnered to cross-manage funds worth $2.2bn (£1.4bn).

Following recent government announcements on annuity reform the issue of minimum income requirements has caused concern, as Sebastian Cheek reports

US/UK - BNY Mellon Asset Management co-head and vice chairman Jon Little will leave the firm to join hedge fund Kedge Capital, a London-based alternatives firm.

Treasury plans to curb the annual allowance to about £40,000 rather than slash tax relief for high earners have been backed by the industry.

Scottish Life, the pensions division of Royal London, has seen new business increase by 62% to £1.1bn in the six months ending June 30.

The independent panel of experts tasked with assessing the viability of auto-enrolment and NEST has finished a run of seminars with stakeholders.

SWITZERLAND/US - Credit Suisse Group AG has won the dismissal of damage claims by a US pension fund that bought Credit Suisse Global shares on the Swiss Stock Exchange.

US - Legg Mason's assets under management fell 6% over the quarter due to tough market conditions and ongoing redemptions, latest figures reveal.

NEW ZEALAND - The New Zealand Superannuation fund was up 15.45% in the year ended June 30, the second best yearly performance since its inception in 2003.