Legal & General (L&G) will no longer report to shareholders on a quarterly basis, after a landmark decision removed the requirement for interim reporting.
The insurer's decision follows the removal last November of regulation requiring companies to issue interim management statements, a move that was widely welcomed. Quarterly reports have long been criticised...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.