LUXEMBOURG - BNP Securities Services and Franklin Templeton have become customers of Clearstream's investment fund processing solution Vestima, which has over 10,000 funds available on the service and covers most of the Luxembourg market.
UK - Old Mutual has announced a placing of £36m new ordinary shares, arranged by Merrill Lynch International, representing approximately 1.3% of the company’s issued ordinary share capital.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).