UK - Jersey-based funds have seen their assets go up 14% from £51.2bn to £58.5bn over the 12 months to June 30, despite the slowdown in global equity markets.
Fund research group Fitzrovia attributed the growth in assets to the increase in Jersey’s domiciled private equity and venture capital funds.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.