Royal London pension business boosted by AE and drawdown surge
Royal London new life and pensions business was up 18% to £989m in the first quarter of the year, with group pensions benefitting significantly from auto-enrolment.
The mutual said group pensions sales were up 65% to £443m, individual pensions were up just 1% to £282m and drawdown was up 29% to £146m. The company said annuity sales had dropped 3% but this was offset...
More on Defined Contribution
London CIV partners with MSIM to launch global equity core fund
London CIV and Morgan Stanley Investment Management (MSIM) have announced the launch of a global equity core fund.
Investments and the importance of reporting: Stick or twist?
Trustees need clear reporting from their investment advisers to meet their scheme's needs, says Donny Hay
UPDATED: DWP to mandate use of simpler annual statements for auto-enrolment DC schemes
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
Just becomes first UK insurer to issue a green bond
Just Group has launched its inaugural green bond, raising £250m and becoming the first UK insurer to launch such an asset.
Market Movers Blog: SEC 'open' to cryptocurrency ETFs
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
