Willis Towers Watson

A typical defined benefit (DB) pension fund could cut costs by around a third per year by centralising and standardising their investment, administration and trading functions, according to the Asset Management Exchange (AMX).

Hugh Grover will step down from his role as chief executive of the £5.6bn London Collective Investment Vehicle (CIV) at the end of next week.

The value of assets under management (AuM) at UK-based firms fell by 4.5% year on year, according to Willis Tower Watson's survey of the world's top 500 managers.

The market is now under investigation by the competition watchdog following the FCA's decision to recommend a probe, writes Stephanie Baxter

Pension trustee boards should comprise of individuals with a range of different life experiences and viewpoints as this will lead to better decision-making, speakers at the Pensions and Lifetime Savings Association's diversity seminar say.

The Pensions and Lifetime Savings Association (PLSA) has urged the Financial Conduct Authority (FCA) to refer the investment consulting market for a competition investigation.

Fiduciary management is undoubtedly a sound product - and can help many trustee boards speed up decision- making, bolster effectiveness and improve outcomes.

The FCA's eagerly anticipated final report of its asset management market study suggests an investigation of the investment consulting market, James Phillips reports.

The Financial Conduct Authority (FCA) has published the proposed reforms put forward by the big three investment consultants as it seeks industry views on whether to reject them.

The Financial Conduct Authority's (FCA's) provisional decision to refer the investment consulting market to the Competition and Markets Authority (CMA) has largely been welcomed by the industry.