Active management firms' revenue worldwide declined by 30% - 50% last year, Watson Wyatt research reveals.
The consultant said increasing pressure on profitability at active asset management firms this year was likely to cause considerable changes in the industry. It urged asset owners to prepare accordingly....
Unison has passed a motion that says it will seek to divest the Local Government Pension Scheme (LGPS) from fossil fuels over the next five years.
Existing methods of tracking fund performance are not suitable for environmental, social and governance (ESG) issues, First State Investments has said.
This week's top stories were a ransomware attack on TPR, and the new pensions minister being urged to tackle outstanding policy issues.
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.