LONDON Famed British money manager Neil Woodford shut his asset management business on Tuesday, calling it quits hours after administrators stepped in to wind down his flagship fund and sack him as its manager.
Latest Pension News
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Recent Pension News
LONDON Telecoms firm Telent and insurer Rothesay Life have agreed Britain's biggest ever pension transfer deal, covering 4.7 billion pounds in a move that Telent said would secure future payments to 39,000 members.
LONDON Britain's fund industry trade body has warned companies of the need to have a plan to align existing executive directors' pension payouts with those of the wider workforce by 2022 or face shareholder dissent.
LONDON Woodford Patient Capital Trust plc , a listed trust run by money manager Neil Woodford, said on Thursday that its administrator would cut valuations on three of its holdings due to a "challenging fundraising environment."
LONDON Britain's markets watchdog threatened on Tuesday to close "every single advisory firm" that continues to wrongly tell people to cash in their defined benefit pensions.
LONDON Britain's inflation rate failed to rise as expected last month as petrol prices fell at the fastest rate in more than three years, a boost to consumers ahead of Brexit.