Sherborne Investors' Edward Bramson's eagerly-awaited strategic review into F&C has laid out plans to cut costs, leading to staff redundancies.
The group this morning reported a £4.8bn fall in AUM for the third quarter, with its open-ended fund business posting a net outflow of £559m. Activist investor Bramson has moved swiftly to convince...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.