UK - Friends Ivory & Sime (FIS) has gone live on the DST International (DSTi) HiPerformance solution.
HiPerformance provides performance measurement, attribution and risk analysis. HiPerformance supports all asset classes and has been designed to allow fund managers to comply with GIPS/AIMR guidelines.
FIS is a long-time user of HiPortfolio, DSTi's back office transactionprocessing and investment accounting product. Earlier this year HiData, DSTi's data cleansing and validation tool was integrated with FIS' HiPortfolio system. An evaluation of DSTi's front office products is also currently under way at FIS.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.