Latest News

U.K.'s PLSA consults on national retirement targets, need for more saving

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The PLSA is consulting the industry on national retirement targets, which will help plan participants assess if they are on track for the desired retirement.

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Brett Redfearn was named director of the division of trading and markets.
BNY Mellon's assets up 3% for quarter despite no net flows

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Bank of New York Mellon reported $1.824 trillion in assets under management as of Sept. 30.
Credit managers more pessimistic on credit defaults; Europe, Asia diverge — survey

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Credit portfolio managers believe defaults will increase over the next 12 months globally.
Lovell Minnick Partners acquires majority stake in Tortoise Investments

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Private equity firm Lovell Minnick Partners, along with other firms, are purchasing a majority stake in alternative money manager Tortoise Investments.
ESG analysis grows in all regions for CFA Institute members; EMEA takes biggest leap

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CFA Institute members in North and South America continue to fall behind EMEA and Asia-Pacific regions in their use of ESG factors.
University of Chicago endowment returns 11.4%

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University of Chicago's endowment returned 11.4% for the fiscal year ended June 30.
Northern Trust's AUM up 9% in quarter; company names next CEO

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Northern Trust's assets under management totaled $1.125 trillion as of Sept. 30, up 9% from three months earlier and up 19% for the year.
Saving more is key to secure retirement, PLSA panelists contend

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Attendees at a Pensions and Lifetime Savings Association conference hear that saving more is key to secure retirement.
State pension funding ratios fall in fiscal year 2016

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The median funding ratio of U.S. state pension plans fell again in fiscal year 2016 to 68% from 75% the previous fiscal year.
Wall Street is said poised to get key SEC reprieve on MiFID

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The SEC is preparing to tell financial firms they won't have to overhaul their operations to comply with sweeping new European rules governing investment research.
PLSA conference panelists discuss challenges with U.K.'s auto-enroll program

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A panel of speakers that advised the U.K. Government during its current automatic-enrollment review warned the process will face more obstacles.
New CFTC commissioners take aim at market, technology risk

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The two newest commissioners on the Commodity Futures Trading Commission said their focus will be on risk.
Saudi Arabia's PIF creates new energy services company

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Saudi Arabia's Public Investment Fund established a new energy services company to increase energy efficiency in government buildings.
Supreme Court puts off IPO disclosure case

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The Supreme Court put on hold a case challenging whether an issuer's duty to disclose certain information allows for class-action lawsuits.