Legal & General Investment Management (LGIM) has bought the ETF Canvas platform from ETF Securities, with plans to develop a broad range of strategies for the European market.
The acquisition includes $2.7bn AUM and 17 products across equity, fixed income and commodities, while the UK and Ireland-based platform is listed on multiple stock exchanges and licensed for distribution...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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