GLOBAL - Barclays Global Investors is warning schemes that global recovery is set to be hit by rising unemployment in the US.
The warning comes after the US Federal Reserve moved to cut interest rates to 1% – the lowest level for four decades – in a bid to keep the US economy stable.
However, BGI chief economist Haydn Davies warned that consumer spending, which had bolstered the US economy throughout the bear market, would be hit by rising unemployment as companies cut costs to compensate for weak profit margins.
The Pension Protection Fund (PPF) has published contingency planning guidance for trustees to help them manage risk.
The trustees of the Autoenrolment.co.uk and Moore Stephens master trusts have been fined for "deficient" chair's statements after failed court action against The Pensions Regulator (TPR).
Henry Tapper shares his thoughts on how IGCs could provide value for money statements that people wanted to read