UK - UK equities boutique Majedie Asset Management has passed the £750m of assets under management mark - just 18 months after its launch.
The firm is aiming to have assets under management of £1bn within five years.
Managing director James de Uphaugh said: “This is a pleasing milestone for us to have reached and is testimony to the support we have received from industry consultants and their clients.”
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.