GLOBAL - Henderson Global Investors, a division of AMP, reported institutional net cash flows of A$1.7bn ($861.8m), a 15% increase on Q3, 2000.
The unit also posted a 12% rise in gross inflows for the period to A$9.6bn ($4.8bn). The figures stood despite heavily impacted retail assets which fell to A$415m.
The firm said its institutional business was bolstered by strong mandate wins in the UK and Australia.
Overall, AMP’s assets under management for Q3 2001 saw a 3% downturn to A$281bn ($142.4bn) compared to the corresponding period last year. AMP said that it still expects to deliver double digit growth for the full year 200; Henderson’s is also expected to post figures at or above last year’s core earnings.
By Janet Du Chenne
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.