An independent financial adviser has reported Legal & General to the Financial Services Authority for mis-representing the past performance of its High Income Trust by smoothing out volatile price movements.
The complaint stems from L&G's decision to restate the past performance of the £2bn fund - which is open to institutional investors - after altering its pricing structure. The fund moved from a "single...
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how