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.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.