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.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.