UK - A "distinctive ethical stance" has secured record profits for the 10th consecutive year for the Co-operative Bank.
The bank – which prides itself on ethical banking and corporate social responsibility activism – reported pre-tax profits of £130m for 2003, up 6.2%.
The bank’s financial advisory arm, the Co-operative Insurance Society, aided growth with an expanded product range and reported assets topping £30bn.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).