GERMANY - JPMorgan Investor Services has announced a record year for sales in Germany, doubling its assets under custody in 2002.
Since entering the market in 1995 as depot bank for special funds, the value of assets had grown to $20bn by end 2001 and now stand at $80bn, it said.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.