BlackRock saw outflows of $121bn (£76bn) in 2010 on the back of its acquisition of Barclays Global Investors, but managed to increase total assets by 6%.
In its fourth quarter results released yesterday, BlackRock said it lost $38.7bn in merger-related outflows in the quarter ended 31 December and $121bn for the year. 1 December marked the one year anniversary...
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.