GLOBAL - Assets under management at State Street Global Advisors fell US$763bn (£474.6bn) during the fourth quarter - down 1.6% on the previous year.
Its parent company, State Street, posted fourth quarter net income of US$477m on revenues of US$1.5bn.
Net income for the whole of 2002 was US$1bn, on revenue of US$4.4bn (£2.7bn).
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.