GLOBAL - Barclays Global Investors has dispelled speculation that it is up for sale by insisting it will boost its funds under management in the coming months.
BGI’s half year results showed operating profits of £60m, a rise of £23m on last year’s results. However, its operating costs rose £7m to £229m, while assets under management fell £30bn to £500bn.
BGI has also shelved plans to outsource its back-office administration.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.