- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Standard Life wrap launches at-retirement DFM service

Many advisers have told us they are reviewing their central investment proposition to ensure they are well placed to support clients in retirement.

Bulgarian government does U-turn on second-pillar pensions law

Bulgaria’s government is set to reverse some of the controversial changes to the second-pillar pension system rushed into law at the end of 2014 after the Finance Ministry published a series of amendments on 23 January.

FCA introduces additional protection for consumers ahead of pension freedoms

Providers will be required to give relevant risk warnings

MAS directory excludes non-advised brokers

Non-advised brokers have been barred entry to the Money Advice Service’s retirement adviser directory, leaving them at the mercy of pension scammers

Large UK pension funds push asset managers to invest responsibly

Sixteen of the UK’s largest pension funds have joined forces to ensure asset managers fulfil the promises they make regarding responsible investment

London and Manchester Create Rival to Sovereign Wealth Funds

Pension Funds to Build $757 Million Infrastructure Fund

Legal & General Investment Management Launches Auto- Enrolment Online Solution for SMEs

Applicants can set up their scheme in less than 30 minutes and it should be fully live within 24 hours.

Local council rejects Berkshire claims over failed scheme merger

The RBWM said negotiations failed due to on-going discussions between Buckinghamshire and Northamptonshire County Council.

Man Group wins hedge fund mandate for UK's Cornwall pension fund

The allocation will be managed by Man FRM, a wholly owned subsidiary of Man Group

NAPF disappointed with EIOPA's work on solvency

The NAPF's consultation response also argues that if EIOPA's plans were to go ahead, they should apply to future accruals only and there should be a long transition period before any implementation, in order to mitigate the impact of the Holisti

Fury at pensioner bonds 'shambles': Demand for high interest plan crashes website

The launch of the Government's much-heralded pensioner bonds was in chaos yesterday when a sales hotline and website went into meltdown within minutes.

Insurer Saga announces wealth management deal as pensions shake-out looms

British over-50s travel and insurance company Saga is forming a joint venture with Tilney Bestinvest, a UK-based investment and financial planning firm, as pension reforms put pressure on insurance companies to find new business.

Danish pension fund PFA poaches chief executive from asset manager

Denmark’s largest commercial pension fund PFA has ended uncertainty over its future leadership by appointing Nordea Asset Management chief executive Allan Polack to take the helm at the beginning of April.

Schroders launches flexible pre-retirement fund

The Flexible Retirement Fund is a multi-asset solution aiming to generate Consumer Prices Index (CPI) +2% over the business cycle.

Pensions Regulator should give trusts time to develop drawdown market, says expert

The UK Pensions Regulator and government should allow defined contribution master trusts

If defined benefit pensions didn’t exist, would we invent them?

Last week Tesco hit the headlines as the last FTSE 100 company to announce plans to close its defined benefit pension scheme to new employees, as well as closing the scheme to its 200,000 existing UK employees.

Managers wonder how customers will deal with pensions freedom

They’re already calling it Pensions Freedom Day.

Pension Schemes: Pension Protection Fund and Contingent Assets 2015/16

This update looks at employer insolvency risk, last man standing schemes and contingent assets, following the publication of the Pension Protection Fund's Levy Estimate for the 2015/16 levy year.

Rogue investors will target £6bn in pension savings, Dispatches warns

Tonight's episode of Dispatches, titled 'How to blow your pension', will warn how a raft of dodgy firms will target over-55s' private pension savings from April

88% of people could not survive on state pension alone

These figures are even more worrying in the light of the new pension reforms.