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...
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.