GLOBAL - UBS Group has topped the annual worldwide global money manager's survey, compiled in conjunction with Watson Wyatt.
The Zurich-based UBS’s US$1.5tn assets make it the largest fund manager in the world.
Barclays Global Investments was the highest ranking UK investor, in seventh place, with US$769m. HSBC Holdings was the next highest UK entry with US$284m in 30th place, followed by Prudential M&G with US$221m in 44th place, Legal and General with US$177m in 55th place and Schroders with US$160m in 60th place.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers