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...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.