UK - First-half profits at Barclays Global Investors soared to £91m - a 52% rise on the same period last year.
BGI attributed the increase to a combination of cost savings and its move away from low fee, index-based products and towards higher fee-generating active funds.
And it claims the shift has been so successful that its actively-managed assets now generate over 60% of management fees and more than 50% of total income.
The firm said that despite the state of the global equity market, total assets under management grew by £43bn to £543bn.
BGI has £385bn – or 71% – of its assets in index funds, £109bn (20%) in active assets and £49bn (9%) managed cash assets.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.