The Financial Conduct Authority (FCA) has said a number of asset managers have taken the step of paying £34m in compensation to investors who overpaid for 'closet tracker' funds following an investigation by the regulator, while another fund group faces enforcement action for "very misleading" marketing material, according to The Telegraph.
The groups involved will reimburse investors for the higher active charges they paid on what were in reality index tracker funds, although the move is not part of an official redress scheme from the regulator,...
The BT Pension Scheme (BSPS) has awarded a $1bn (£777bn) private equity mandate to Hermes GPE, to invest globally.
Warrington Borough Council and Altana Wealth have set up a Public Sector Social Impact Fund to offer pension funds secure social investment opportunities.
The government is to pay the tax bills of NHS workers caught out by changes to pension contribution limits who have been turning down additional work for fear of running up large tax bills.
In 2018 we wrote a letter, supported by 60 asset managers and owners, urging the oil industry to take more action on climate change. What was the outcome?
Pensions are too complex an issue to discuss on the general election campaign trail. Steve Webb says this is probably a good thing.