Interest rate hedges by pension funds fell by 24% over the first quarter of the year, hit by a difficult swap market and stale funding levels, F&C reports.
Figures show interest rate hedges by investment banks dropped by £2.5bn to £7.5bn for Q1 this year, down from £9.9bn in Q4 last year. (PP Online, 7 Feb) F&C said geo-political turmoil in the Middle...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point