Pensioner members of the Prudential Staff Pension Scheme were defeated last week when the High Court ruled in favour of their former employer, the Prudential Assurance Society, saying it was neither "irrational or perverse" for it to have capped discretionary pension increases in 2005.
Members argued Prudential was not acting in good faith by springing the 2.5% cap upon them with no forewarning after decades of receiving discretionary increases in line with RPI. However, lawyers –...
Tenders for first-time fiduciary management mandates will be mandatory, must be conducted on a closed basis, and will apply to any mandate for over 20% of a scheme's assets, the Competition and Markets Authority (CMA) has confirmed.
Daniel J. Graña of Putnam investigates how US's trade war with China will affect emerging market equities
Aviva Investors explains the growth and protection benefits investors gain from real assets
Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.