United Kingdom



Fund empire of once-star manager Neil Woodford shuts

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.

Recent Pension News

Telent, Rothesay Life agree UK's biggest-ever pension transfer deal

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.

Business, 27 Sep 2019

UK fund trade body warns companies over existing directors' pensions

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.

Business, 27 Sep 2019

Woodford fund administrator to cut valuation in three more holdings

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."

Business, 26 Sep 2019

UK watchdog threatens to shut 'problematic' pensions advisers

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.

Business, Money, Money Home, 25 Sep 2019