GLOBAL- JPMorgan Fleming's institutional liquidity funds have broken through the US$30bn mark.
JPMorgan claims this is the first time that a money market fund range has exceeded this target.
The firm now boasts 20% of the market share, adding that the market is growing at a rate of 50%+ per year, because of a greater focus on security among cash investors and a growing reluctance on the part of banks to offer market rates of return on deposits.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.