INVESTMENT funds under management in the UK rose 3pc in October to £398bn, latest figures from the Investment Management Association reveal.
The IMA says the figure is 25pc higher than October 2005. The month’s total net industry sales were £1.4bn, while retail sales were £1.6bn. £1.1bn was invested in equities, £379m was invested and property...
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.
An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme (USS) was reached, Universities UK (UUK) has announced.