THE BANK of New York and Mellon Financial Corporation are set to merge in a bid to slash costs and boost services.
The new firm, which will be called The Bank of New York Mellon Corporation, will have $16.6trn (£8.39trn) in assets under custody – making it the world’s largest custodian. Its closest rivals – JPMorgan...
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.