EUROPE - Europe's £3.5trn mutual fund industry will expand at a compound annual growth rate (CAGR) of about 14% per annum between year-end 2002 and 2006, outpacing the global expansion rate of 10% and the US CAGR of 9%, according to new research by Cerulli Associates.
The study covered retail and institutional fund management marketplaces in 16 countries worldwide.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.