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.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.