EUROPE - UCITS funds posted a net inflow of €22bn (US$30.6bn) for the first quarter of 2009 after six consecutive quarters of outflows, data by the European Fund and Asset Management Association (EFAMA) reveals.
EFAMA said: "As money markets started to recover from the shock waves from the bankruptcy of Lehman Brothers, money market funds regained their status of safe haven investment."
However, total net assets of UCITS fell by 1.4% in the first quarter to reach €4.5trn at the end of March 2009. Equity and balanced funds recorded the sharpest decline reflecting stock market losses, EFAMA concluded.
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