UK - Goldman Sachs Asset Management has posted second quarter revenues of $601m (£329.9m) - up 49% on the same period last year.
But GSAM – which has $371.2trn assets under management globally – pointed out that the revenues were down 21% on the first quarter.
GSAM’s assets under management increased $3bn during the second quarter reflecting net asset inflows of $9bn, primarily in alternative investment, equity and fixed income assets.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.