M&G tilts focus to life channel as asset management demand stalls Investing A sharp acceleration in bulk purchase annuities stopped M&G from sliding into net outflows in the third quarter, as asset management demand slowed. The investment manager generated net inflows of £1.8bn in the third quarter, remaining flat from the prior year, with the majority recorded by its Life channel. The segment, which handles personal insurance [...]
Pension fund snaps up cut-price government bonds amid Starmer sell-off Markets One of the UK’s largest pension funds has jumped on the turmoil that speculation over Keir Starmer’s future has unleashed on the gilt market, scooping up government bonds at multi-decade low valuations. Standard Life has added to its holding of UK government debt, City AM understands, seizing on a sharp dip in the of the [...]