State Street

Rachel Dalton looks at the FCA’s report

The Financial Conduct Authority (FCA) will make no changes to its existing rules on transition management (TM).

Rachel Dalton looks at the FCA's report

State Street UK has been fined £22.9m by the Financial Conduct Authority (FCA) for deliberately adding concealed charges to transition management(TM) clients' bills.

Over a third of European defined benefit schemes feel they do not have access to portfolio data which helps them fulfil regulatory requirements, research from State Street reveals.

European schemes expect governance demands to escalate and investment decisions to become increasingly complex over the next five years, according to research from State Street Global Services.

UK schemes have been warned not to distort asset allocations to meet cash flow pressure from currency hedging strategies, after the pound suffered a weak January.

Bank remuneration reports in 2011 received ‘strong support' from investors despite general concerns on pay and performance, a TUC report says.

The Financial Services Authority is investigating State Street over allegations it overcharged some of the UK's biggest pension schemes according to the Financial Times.

Professional Pensions correspondent Hannah Brenton has won the 2012 Award for Best Newcomer at the prestigious State Street Institutional Press Awards.