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...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).