Most active funds have underperformed their passive benchmarks over the last ten years, according to S&P Dow Jones Indices.
The firm found that most active UK equity managers had beaten its UK BMI index over the last year, but 52% fell short of the index over the last five years. Over the ten years to the end of June 2015,...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
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.