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Lower life expectancy boosts Legal & General profit, shares fall

LONDON A drop in life expectancy has enabled Legal & General to release reserves against mortality risk, it said on Wednesday, driving first-half profits up by an above-forecast 27 percent.

Recent Pension News

UK watchdog appoints funds critic to come up with fee disclosure format

LONDON Britain's markets watchdog has asked an academic who accused the funds industry of being in "collective denial" over fees to come up with a common format for asset managers to publish their charges.

Business, Money, Money Home 03 Aug 2017

Reuters poll - UK funds favour euro stocks, see little policy tightening risk

LONDON British investors have raised their holdings of European equities to the highest since September 2015 in a bet that a surging euro will not derail the bloc's economic recovery and super-easy credit policies will remain in place.

UK to apply banker accountability rules to wider financial sector

LONDON Britain's markets watchdog has proposed rolling out banker accountability rules to thousands of staff in other parts of the financial sector a decade after taxpayer bailouts and market rigging scandals saw only a few individuals punished.

Business, 27 Jul 2017

London asset managers face new Brexit threat

LONDON British-based investment firms' long-standing ability to manage billions of euros of assets elsewhere in Europe could be threatened by Brexit, new EU guidance suggests.

Business, 27 Jul 2017