Standard Life Aberdeen has been hit by outflows of more than $10bn from its mutual funds since the start of the year on concerns about performance and the group's merger, which was completed this summer, the Financial Times reports.
According to the Financial Times and Morningstar, the firm was the worst-selling fund house in the world in September. It was also the worst-selling European-headquartered firm globally in the first...
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.