BNY Mellon Asset Management has launched two investment boutiques - one focused on the management of domestic Australian equities, the other on emerging markets equities and global fixed income.
The launch of Ankura Capital and Blackfriars Asset Management follows The Bank of New York Mellon's purchase of two investment subsidiaries from its joint venture with WestLB in December 2008. Ankura...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
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.