News

Assets under management (AUM) at the world's top 500 managers increased by $5.2trn (£3.2trn) over the course of 2012, research from Towers Watson shows.

Sackers has appointed Oliver Topping as an associate, bringing the total number of lawyers on its team to 52.

FTSE350 companies' defined benefit (DB) scheme deficits increased by £6bn over October to hit £102bn on an IAS19 basis, despite rising asset values, Mercer says.

The London Pensions Fund Authority (LPFA) has appointed GlaxoSmithKline director of global pension investments Robert Vandersluis as a non-executive director to its board.

Vanguard Asset Management has appointed Steve Charlton to the newly-created position of defined contribution (DC) proposition manager for Europe.

Pensions minister Steve Webb's move to ban commission and active member discounts (AMDs) is a "seismic" shift for providers and will drive a completely new business model for advisers, Aviva has said.

MPs are calling for the Financial Reporting Council (FRC) to pressure pension fund managers to reveal the full impact of their charges on investors.

Burness Paull has expanded the size of its pensions team with the appointments of Martha Quinn and Mark Lindsay as consultant and director.

Michael O'Higgins will reach the end of his term at The Pensions Regulator (TPR) next month but has agreed to stay on as chair for an additional three months to ease the handover to his replacement.

Aon Hewitt has launched an auto-enrolment (AE) solution in partnership with Zurich, offering a 0.5% annual management charge (AMC) for its default fund.