HENDERSON Global Investors saw assets under management fall from £67.7bn to £63.1bn in the six months to the end of June, its interim results reveal.
The firm said the decrease in assets was due to expected outflows associated with the withdrawal of business from Virgin Money Group (£1.5bn) and Pearl Group (£2.9bn). It also lost around £2.9bn of “lower...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.