The value of assets under management (AuM) at UK-based firms fell by 4.5% year on year, according to Willis Tower Watson's survey of the world's top 500 managers.
The research, which takes into account data up to the end of 2016, shows 42 UK-based firms now manage $6.3trn (£4.8trn) compared to $6.6trn in last year's study. This marks the second consecutive year...
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Welplan Pensions has triggered its exit from the master trust market, with just a few days to go until The Pensions Regulator's (TPR) application deadline.