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...
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.