UK - Legal & General has published its first half figures showing a massive increase in new business and stable profits despite the market downturn.
The fund manager won a further £7.2bn of institutional business in the first half of this year – 20% up on new institutional business figures of £6bn in the same period last year.
Operating profits for the first six months of 2002 were £365m compared to £369m in the first half of 2001.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).