Asset managers agree economic recovery is at least two years away
The majority (85%) of asset managers believe economic recovery is at least two years away, according to a poll conducted by XPS Pensions.
The firm polled more than 150 asset managers at the annual XPS Investment Fund Manager Conference and revealed 85% agreed it would take at least two years for the UK economy to recover to pre-Covid levels....
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This week’s top stories included Aon findings that the number of defined benefit schemes employing a sole trustee model is expected to double by 2025, while Scottish Widows invested £2bn as the inaugural investor in BlackRock’s new climate fund.
SLA profits slump by 30% in H1
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Phoenix reports small profit hike as bulk annuities top £1bn
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Aviva profits dented by Covid-19 but bulk annuities offset fall
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.
Coronavirus Blog: Scottish Widows extends easing of annuities applications; How to build cashflow strategies amid the pandemic
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
