UK - Deutsche Bank has signed an agreement with Aberdeen Asset Management to sell parts of its UK and Philadelphia-based asset management businesses for up to £265m.
Businesses included in the sale are largely the former Morgan Grenfell Asset Management operations, which were acquired by Deutsche Bank in 1989. As at 31 May 2005 DeAM’s UK operations had assets under...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.