GLOBAL - Allianz Group's asset management division registered net inflows of €9.7bn in the third quarter 2006.
The preliminary Q3 results showed the group's total revenues of €22.6bn were down slightly compared to last year. However, the operating profit from its asset management business "remained at the high level of the equivalent 2005 quarter," Allianz said.
Helmut Perlet, member of the board of management of Allianz commented: “The very successful business performance again leads us to anticipate slight improvements on the forecast made at the half-year stage for the fiscal year 2006."
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers