GLOBAL - Axa Investment Managers has received compliance with Global Investment Performance Standards (GIPS) and the Association for Investment Management and Research - Performance Presentation Standards (AIMR-PPS).
The objectives of GIPS and AIMR-PPS are to ensure that investment managers of third party accounts present the performance of all discretionary-managed funds according to the principles defined in the standards.
In addition to conformity to GIPS and AIMR-PPS level one, 24 Axa composites have achieved compliance under AIMR-PPS level 2 standards. These composites are defined so that funds having the same investment strategy and following the same investment process are grouped together.
By Janet Du Chenne
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.