Court finds against broker in landmark judgment; Lloyds lifts dividend as it agrees to sell Abbey Life; Standard Life policyholders are promised slice of £1.3bn orphan funds; US markets slide further as mortgage lender stops loans
Court finds against broker in landmark judgment Financial Times (p2) A retired director of Taylor Woodrow has won what is believed to be the first court judgment against a financial products provider...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.