Multi-managment investment firm Frank Russell has confirmed its compliance with the UK Investment Performance Standards (UKIPS) and the Global Investment Performance Standards (GIPS).
The compliance extends to its Dublin-based umbrella fund range Frank Russell Investment Company (FRIC) and Frank Russell Investment Funds (FRIF). The confirmation implies that FRIC and FRIF are compliant with GIPS across all their sub funds.
Jon Bailie, managing director of institutional investment services said: “We believe that GIPS compliance will further enforce our reputation for integrity and high standards.”
By Janet Du Chenne
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.