Hedge funds have gates on about $60bn of investors' money, say fund brokers Tullett Prebon.
Though this is large in absolute terms, the 3% of industry assets involved is far below the 35% impaired as the financial crisis peaked. The absolute amount, and proportion, are set to fall this year...
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.