UK - Salary rises for management companies floated on London's Alternative Investment Market have been far lower than their FTSE counterparts, new figures show.
The median salary rise of lead directors for smaller listed companies during 2002 was 5.2% compared to 9.7% for FTSE executives, according to Incomes Data Services.
The median increase in total cash earnings was 2.9%.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.