UK - HSBC Asset Management's three cash funds have been awarded triple-A ratings from global ratings agency, Moody's Investors Service.
Moody’s said the three HSBC funds – its US dollar, euro and sterling liquidity funds – were awarded its highest rating due to the quality of their holdings, liquidity, and HSBC’s “sound” trading, research, audit and compliance procedures.
HSBC Asset Management UK chief executive officer, Dean Buckley, said: “We believe liquidity funds will be a key area of growth in the coming year.”
A platform to help pension funds collect and analyse cost data, such as transaction costs, has been launched by Chris Sier, who has played an integral role in the fight for transparency.
Here it is… The list of the individuals that have been nominated for the inaugural Professional Pensions Rising Star Awards so far...
This week's top stories included the Department for Work and Pensions launching a consultation on collective defined contribution pension schemes.
The sector has to look after its own reputation and should not rely solely on the watchdog, The Pensions Regulator's (TPR) chief executive says.