UK - Institutional fund managers are increasingly upbeat about the prospects of the global economy, State Street Associates' survey of investor confidence shows.
State Street Associates – part of financial services giant State Street – found that its institutional investor confidence index continued to rise during November, up 1.2 points to 106.2 from October’s level of 105.0. At the start of the year, the index stood at 87.2.
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