ASSET MANAGERS are failing to scrutinise the discretionary use of alternative assets for pension schemes, latest research from Standard & Poor's finds.
The research and data firm said that only 2pc of managers admitted that they comprehensively monitor the discretionary use of alternative assets in its survey of compliance and risk officers at 319 investment...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.