Global equity funds are favouring emerging markets over the US, with several managers also looking at opportunities in large-cap growth stocks, research shows.
Standard & Poor’s Fund Services’ latest update on the sector showed global equity managers were “significantly underweight” in US stocks, as managers expected the high market volatility of recent months...
Former home secretary Amber Rudd is to return to the cabinet as work and pensions secretary after the resignation of Esther McVey.
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.