UK - FSA proposals on split-capital investment trusts fail in three crucial areas, The Actuarial Profession warns.
Although in favour of much of what is proposed in the FSA consultation paper, the organisation fears proposed rules on investment restrictions and changing the board of directors to include all independent directors, pose serious problems for the industry.
The Actuarial Profession is now seeking to discuss its concerns with the regulator.
Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.
Crashing out of the European Union without a deal could cause a 37% increase in the aggregate buyout deficit for defined benefit (DB) schemes, says Cardano.
Brunel Pension Partnership has launched its authorised contractual scheme (ACS) and first sub-fund managing around £1.6bn of UK equities.
NEST's director of business development Helen Dowsey speaks to James Phillips about communications, sidecar savings, and retirement products.