UK - Goldman Sachs Asset Management's funds under management rose 11% in the last year from US$314bn to US$350bn.
But the fund manager remains cautious about its short-term business prospects.
Chairman and chief executive officer Henry Paulson said: “Our business continues to be affected by weakness in investor and executive confidence which has led to difficult markets and lower levels of corporate activity.”
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.