The FTSE 100 was down 3% this morning to 5,913, after turmoil in China overnight saw trading suspended after just 30 minutes.
This morning's biggest fallers on the FTSE were Anglo American, down 9%, and Aberdeen Asset Management and Old Mutual, both 6% lower. The FTSE 250 was down 2.3%. Only two FTSE 100 stocks reported gains:...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.