UK - Isis Asset Management's profits before tax have dropped to £21.6m last year from £27m in 2001.
Over the past year Isis changed its name from Friends Ivory & Sime and acquired Royal & SunAlliance Investments, adding £34.8bn to its assets under management.
Isis has a total of £60bn assets under management.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).