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Zurich has confirmed it is to transfer part of its annuity business, worth approximately £3.7bn in assets, to Swiss Re.
The launch of three new exchange traded funds (ETFs) could mark the start of a major expansion of the ETF market, says the London Stock Exchange.
IFA firm Hargreaves Lansdown has confirmed its Initial Public Offering on the London Stock Exchange has been set at 160p a share, which implies a market capitalisation of around £759m.
The danger of ‘levelling down' existing pension schemes by making employer contributions compulsory in personal accounts may have been "overstated" claims Lord Turner.