M&G

Schroders spent months exploring a possible bid for M&G to create a UK fund house with over $1trn in assets under management, according to reports.

Asset managers representing $22.8trn (£16.5trn) of assets under management (AUM) have joined the Net Zero Asset Managers initiative, bringing the total number of signatories to 73.

This week’s top stories included Capita’s sale of its employee benefits business, while research from the Association of Consulting Actuaries found little support among employers for multiple pensions dashboards.

The Court of Appeal has overturned a High Court ruling which blocked the transfer of a £12bn annuity book from Prudential, now M&G, to Rothesay.

The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.

A record-breaking 150 ‘dog’ funds have been identified in the latest bi-annual Bestinvest Spot the Dog report, with total assets of £54.4bn sitting in these vehicles.

Covid-19 has demonstrated how crucial it is for pension schemes to enter into economic crises in a position to react to opportunities with short-term windows, says David Lloyd.

In the run-up to Incisive Media’s Women in Investment Festival on 3 March, Laura Miller gets under the bonnet of how common imposter syndrome is, and the tangible impact it can have on financial services firms.

Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.

This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.