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 3 While the Association of Mutual Funds in India (AMFI) has reportedly filed a special leave petition (SLP) in the Supreme Court (SC) in the Franklin Templeton Mutual Fund (FTMF) issue, the Midas Touch Investors Association (MTIA) has asked market regulator Securities and Exchange Board of India (SEBI) to suspend for one year the registration certificate of FTMF.   In a representation addressed to Ajay Tyagi, chairman of SEBI, Virendra Jain, founder and president of MTIA, says, "You are requested to suspend their respective certificate of registrations granted by SEBI, under mutual funds r...

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers

Axis Bank refutes reports of Rs 44,000 crore loan to SREI Group as 'baseless' Axis Bank said that its outstanding loan to SREI entities and SREI group (including SREI entities) stood at Rs 411 crore and Rs 800 crore, respectively, as on December 14, 2020 Chitranjan Kumar | December 15, 2020 | Updated 23:09 IST ScamBreaking.com alleged that Axis Bank provided Rs 44,000 crore loan to SREI Infrastructure and Finance Axis Bank on Tuesday clarified on a claim by Australia-based news portal, Scams Breaking, that the private sector lender provided loans to Kolkata-based SREI Infrastructure to the t...

7:49 am JTC Group plc (LON:JTC) has agreed to acquire RBC CEES Limited, the market leading employee benefits platform,  for £20m cash subject to regulatory approval expected in early 2Q 2021. CEES has the following characteristics: Revenue of £23.5m for year to 31 October 2019 (c £22m this year); 180 employees with offices in Jersey, Guernsey, London, Edinburgh; Over 430 corporate clients with 890 plans including Employee Benefit Trust schemes and collectively £11bn of assets under administration; ROIC in year 1 to be above 10% and to grow strongly Outlook: Nigel Le Quesne...