Schroders has reached an agreement to acquire US investment grade fixed income manager STW Fixed Income Management.
The deal, expected to complete in the first quarter of 2013, will boost assets under management in Schroders' US fixed income division by 50% to $35bn. Schroders said STW has delivered "top quartile...
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.