EUROPE - Belief among credit investors in Europe that the worst market disruption is over has surged over the second quarter, according to research from Fitch Ratings.
At the end of Q2 Fitch's study found that 72% of European credit investors felt the worst had passed, compared with just 29% in Q1.
Though more than half of investors were concerned that banks have not been sufficiently stress tested, fear of a major bank collapse has shrunk. Some 57% now rate this as a low possibility compared with 29% three months ago.
Investors in emerging Europe are particularly positive: just 18% of investors believe the recession will last more than 24 months. The corresponding figure for Q1 was 55%.
The main area of concern is liquidity, though fears about this are in decline: 27% rate the risk of liquidity shortages as high, compared to 40% previously.
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.