GERMANY - German investment funds administrated e1307bn in assets under management by 30 September 2005, a 20% increase from end September 2004, which recorded e1079bn.
The figures, released by BVI Bundesverband Investment und Asset Management, the German Association of Investment Funds, also showed that institutional business, ‘spezialfonds’, reached e613bn to 30 September.
Allianz Dresdner Global Investors were the largest manager of institutional spezialfond assets with e85bn under management. Universal-Investment Gesellschaft followed with e53bn AUM.
BVI is the central association of the German investment fund industry which represents 4857 institutional funds and more than e1trn of assets under management.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.