UK - Britannic Asset Management has created a new multi-asset administration system.
The fully automated tool enables Britannic to handle all its pooled clients’ requirements with an integrated solution and provide institutional clients with detailed information on transactions, fund valuations and charging structures.
The infrastructure is provided by AFA System and aims to bring greater efficiency and flexibility to clients.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.