CANADA - RBC Asset Management reported net sales of C$6.7bn for the 12 months ended 31 January 2007, including $5.4bn in long term net sales and $1.3bn in money market net sales.
The asset manager enjoyed a particularly buoyant start to 2007, with net long-term fund sales of $811m in January alone.
During that month, RBC also launched the RBC Select Portfolios Aggressive Growth Fund, and made two additions to its RBC O'Shaughnessy Funds lineup - the RBC O'Shaughnessy All-Canadian Equity Fund and the RBC O'Shaughnessy Global Equity Fund.
RBC said those new funds had generated sales of over $50m in their first eight days of availability.
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.