Operating profits across the UK units of Standard Life fell last year due to a fall in income and higher acquisition expenses.
Operating profit before tax last year was £220m, down from £234m the previous year. Although the group's fee-based revenue increased to £625m, from £593m, its spread/risk margin fell to £75m, from £148m...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.