Stock markets are too skewed towards fund manager performance figures and need to be re-orientated to focus on "pounds, not alpha" to serve savers better, John Kay says.
Professor Kay, who has published his interim report into the functioning of equity markets last week, told delegates in Edinburgh that fund manager returns must be judged by absolute performance and focus...
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.