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.
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