AXA Rosenberg Group, AXA Rosenberg Investment Management and the Barr Rosenberg Research Center have agreed to pay a total of $242m (£150m) to settle SEC charges after concealing a coding error from investors.
The Securities and Exchange Commission said yesterday the firms would pay charges of $217m to clients and a $25m penalty. The SEC said in a statement yesterday senior management at ARIM and BRRC learned...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.