News

Legal and General (L&G) will cap its charges on the default fund within workplace pension schemes at 50 basis points (bps) from 9 September.

Invesco Perpetual has entered the multi asset space with the launch of the Invesco Perpetual Global Targeted Returns Fund.

Staffcare has announced Ray Sieber as the new managing director as Graham Jarvis, who has been in the position since 2009, concentrates on taking the company global.

Two of the UK's largest teachers' unions have planned strike action before Christmas to demonstrate their frustration over cuts to pay and pensions and changes to working conditions.

M&G Investments has added to its social housing portfolio by providing north west housing provider Regenda Group with a £55m private placement deal.

A drop in the FTSE over August has wiped out summer deficit reduction as levels return to those seen in May, research from Mercer shows.

Premier has restructured its senior team to make Jay Solanki head of consulting as John Reeve takes the helm on its charity and not-for-profit sector.

Benchmark ten-year gilt yields hit a fresh two-year high of over 3% after the Bank of England (BoE) opted not to release further ‘forward guidance'.

The Pension Protection Fund (PPF) has confirmed it will increase its levy for 2014/15 by 10% to £695m.

The Transfer of Undertakings and Protection of Employment (TUPE) regulations will be reformed to allow employers to renegotiate staff benefits one year after they have transferred to the business.