FUND managers are maintaining strong cash balances despite a 10pc rally in equity markets during the last three months, new research reveals.
Merrill Lynch’s November survey of fund managers found average cash balances had risen to 4.1pc from 3.8pc in October while the balance of investors taking overweight positions in cash had increased from...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.