ABERDEEN Asset Management won £7.3bn of new mandates during the five months to February 28, a company trading statement reveals.
Aberdeen’s new business includes £2.4bn of new segregated mandates and £429m of net inflows into its open-ended funds. It has a further £2.7bn of segregated mandates yet to fund. The fund manager also...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.