JPMorgan has agreed to sell half of its private equity business to two investment firms.
The bank acted on chief executive Jamie Dimon's announcement last year that it would spin out One Equity Partners, its last remaining private equity operation, into a separate company. Lexington Partners...
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.