SCOTTISH Widows Investment Partnership has been appointed by Isle of Man government to manage a £150m absolute return portfolio for its National Insurance investment account.
The fund manager will seek to outperform the Bank of England base rate by 2.5 percentage points a year over rolling three-year periods, and its appointment follows a rigorous tender process as part of...
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
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.