Scottish Widows Investment Partnership will see its assets grow by £42bn following a strategic review of the asset management businesses of Lloyds Banking Group.
Lloyds said it intends to transfer the investment management of the funds sourced from the its Halifax and Bank of Scotland bancassurance businesses, the Bank of Scotland wealth management operation and...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.