FUND managers and regulators have no idea how much the European Union's markets in financial instruments directive (MiFID) is costing, Investit Intelligence says.
A forum run by the investment management consultancy found few asset managers had separate MiFID budgets. The directive seeks to harmonise aspects of investment in different European states and make cross-border...
The Financial Conduct Authority (FCA) has fined Standard Life Assurance (SLA) nearly £31m after its practices led to conflicts of interest and SLA employees putting their financial needs above those of the firm's customers.
The government has launched a consultation on amending the contribution rules of the NHS Pension Scheme in a bid to mitigate the possibility of members hitting tax allowances.
Aviva has seen a 50% year-on-year increase in the number of enquiries from pension schemes that use investment and administration on separate platforms seeking to move to a bundled provider.
This week's Pensions Buzz respondents were unsure whether Guy Opperman will stay in post as pensions and financial inclusion minister under the new Prime Minister.