GLOBAL - Zurich Financial Services has restructured its subsidiary Zurich Capital Markets, concentrating on its core strengths of asset management, customised structured products and client servicing to meet the needs of its clients invested in alternative assets.
ZCM will reduce its investment in non-core businesses including parts of its structured finance business and certain operations in Sydney, Australia.
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).