LONDON Britain's top local authority pension plans have cut investments in hedge funds in favour of better-performing alternatives, a review of annual reports shows, adding pressure to an industry beset by weak performance, outflows and fund closures.
LONDON As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's surprise vote to leave the European Union, according to a new Reuters survey. | Video
LONDON The head of Lloyd's of London's Brexit operations is leaving to join Everest Insurance, the specialist UK insurance market said on Friday.
LONDON Amazon.com Inc is sounding out some of Europe's top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region's financial services.
LONDON, Aug 16 Amazon.com Inc is
sounding out some of Europe's top insurance firms to see if they
would contribute products to a UK price comparison website in
what would be a major foray by the U.S. online retail giant into
the region's financial services.
LONDON Insurer Prudential is unlikely to split into two before late 2019, it said on Wednesday as growth in Asia helped it beat first-half profit forecasts.
LONDON First-half pre-tax profit at insurer and asset manager Standard Life Aberdeen fell 12 percent, with the firm's co-chief executives describing market conditions as challenging, but the early start of a buyback programme lifted its shares.
LONDON A British government pension scheme that looks after local authority retirement pots in West Yorkshire has more than halved its stake in hedge funds in favour of other alternative assets, according to its latest annual report.
LONDON Icy roads and frozen pipes due to bad weather in Canada and Britain hit insurer RSA's first-half operating profit on Thursday, though results were in line with analyst forecasts.
LONDON Hedge fund manager Elliott cut its stake in NXP Semiconductors after Qualcomm , the world's biggest maker of chips for mobile phones, called off a $44 billion deal to buy NXP last week, a recent filing with the U.S. regulator showed.