News

Two of M&G's funds have jointly purchased 18 car auction sites across the UK for a total of £240m.

Aberdeen Asset Management has said it is in discussion with Lloyds Banking Group over a possible acquisition of Scottish Widows Investment Partnership (SWIP).

Aon Hewitt has announced that former Capita Employee Benefits head of health management Stephen Hackett has stepped into the newly-created role of head of health and risk.

Insight Investment has appointed David Beca as head of farmland management, reflecting growing demand for the asset class.

Royal London is scrapping the Scottish Life, Bright Grey and Scottish Provident brands to move to a single "master brand" for its UK life, pensions and investment businesses.

Reports on the pension industry in weekend papers often makes Monday The Pension Advisory Service's (TPAS) busiest day of the week, according to its chief executive Michelle Cracknell.

Pensions minister Steve Webb has said the ban on individual transfers into the National Employment Savings Trust (NEST) will be lifted before 2017.

The Association of British Insurers (ABI) has announced changes that will see the departure of three members of its executive team.

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The London Borough of Hounslow Pension Fund has outsourced £20m of property investment management to Threadneedle Investments.