The low footprint that hedge funds have in most capital markets means overall they pose a low systemic risk, the Financial Services Authority says.
However, the watchdog warned of a greater influence by the industry in areas such as convertible bonds and commodity and rates derivatives. The FSA painted a generally improved picture for hedge funds...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.