UK FIXED income managers remain cautious about the outlook for bonds following "dismal" year-to-date returns, rating agency Standard & Poor's says.
The average UK gilt fund made reasonable returns of 3.3pc and the average UK fixed income fund 2.8pc during Q3. But year-to-date, these figures plummet to 0.9pc and 0.7pc. S&P fund analyst Alison Cratchley...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.