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Apr 29, 2015

Euro zone QE helps Standard Life Q1 funds boost

LONDON, April 29 (Reuters) – Money-printing in the euro zone
helped drive flows into Standard Life’s funds in the
first quarter as investors searched for higher-yielding assets,
the British insurer and asset manager said on Wednesday.

Bonds are posting negative yields in several European
countries after the European Central Bank announced a trillion
euro bond-buying – or quantitative easing – programme, which
kicked in last month.

Apr 27, 2015

Healthcare firm Bupa has 200-300 million pounds for acquisitions

LONDON (Reuters) – Financing constraints mean British private healthcare group Bupa [BUPAI.UL] only has around 200-300 million pounds available for acquisition in 2015, its chief executive said on Monday.

The unlisted company made profits of 638 million pounds last year and would come in at around 50-60th position in the FTSE-100 if it were a listed company, Stuart Fletcher told Reuters in an interview.

Apr 19, 2015

Lloyd’s of London targets Islamic insurance market

SYDNEY/LONDON, April 19 (Reuters) – Lloyd’s of London
has set its sights on Islamic insurance, known as
takaful, to strengthen its push into emerging markets and is in
talks with regulators to set up shop in Malaysia.

The plans are part of the venerable London insurance
market’s strategy to expand in fast-growing regions where
insurance penetration remains low.

Mar 30, 2015

Advice gap leaves ‘pension freedom’ pitfalls for UK savers

LONDON, March 30 (Reuters) – A lack of specialist advice to
all but the well-off leaves a plethora of pitfalls lying in wait
for the millions of British pensioners looking forward to their
impending freedom to choose where to invest their retirement

The British government has introduced a series of changes to
the pensions and savings industry in recent months to give
people more control over their money, including higher
thresholds for tax-free savings and the removal of the
obligation to buy an annuity at retirement to guarantee an
income for life.

Mar 14, 2015

Pension funds seek riskier, illiquid bets to make returns they need

EDINBURGH, March 14 (Reuters) – British pension funds are
coping with low bond yields and high share prices by seeking
riskier investments, in a hunt for the returns they need to meet
their obligations to pensioners.

Collectively managing at least 2.5 trillion pounds ($3.69
trillion), pension funds are reeling from six years of
money-printing by central banks globally, which has depressed
yields so much that some bonds even cost investors money to hold

Mar 13, 2015

Switches, scams, holiday plans? UK pension industry braces for ‘Freedom Day’

EDINBURGH, March 13 (Reuters) – Weeks before Britons get
free rein over how to spend their pension pots, industry players
say it is unclear how many will choose to leave the safe harbour
of an income-bearing annuity.

Some retirees are expected to ditch plans to buy those
previously obligatory annuities in favour of more flexible
pensions, while others could pay off debts or even splash out on
treats such as a luxury cruise, in a huge shake-up for the

Mar 12, 2015

‘Hybrid’ pensions may need new accounting rules: IASB

EDINBURGH (Reuters) – An international accounting standards body said on Thursday it was looking at developing new accounting methods for “hybrid” pensions which did not fit easily into standard categories.

Companies around the world are moving away from expensive “defined benefit” or final-salary based pension schemes, which guarantee an income on retirement, in favor of “defined contribution” schemes.

Mar 12, 2015

EU watchdog sees mandatory rate swaps clearing later in 2015

EDINBURGH, March 12 (Reuters) – The European Union is
expected to make clearing of interest rate swaps mandatory from
later this year, the bloc’s securities market watchdog said on

The 28-country bloc is rolling out rules to make derivatives
safer and more transparent after their opacity exacerbated the
2007-09 financial crisis.

Mar 11, 2015

Pharma, tech stocks to grow in indexes -Man Group CEO

EDINBURGH, March 11 (Reuters) – Pharma and tech stocks will
make up an increasingly large chunk of equity indices as people
live longer and computers cut business and trading costs, the
chief executive of the world’s largest listed hedge fund said on

Manny Roman, ceo of Man Group, said computers would
change the nature of work.

“The shelves in the supermarket will be filled by automata,
while scores of new jobs will be created,” Roman told Reuters on
the sidelines of a pensions conference.

Mar 11, 2015

UK pensions freedom could lead to more scams – FCA

EDINBURGH (Reuters) – Britain’s pensions market is entering unchartered territory where people can blow their savings in Las Vegas or fall prey to scams unless they get proper advice on alternative ways to use their pension pots, a top regulator said on Wednesday.

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), told a conference that the industry would be entering “the great unknown” when reforms are introduced next month.

    • About Carolyn

      "I have worked at Reuters for more than 20 years but I switched in Sept 2014 to a new beat - insurance and fund management. I write about insurance deals, fund trends, geopolitical risks insured by Lloyd's and I'm grappling with understanding company accounts."
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