Funds under management at the investment business also increased to £21bn following strong fund performance.
Plans to hand the management of the trust from F&C to BlackRock and change its investment strategy approved by 97 per cent of shareholders.
Insurer says that customers will be able to select from 12 new funds to benefit from the retirement reforms.
Understanding the Sharpe ratio and how to work it out.
Inflows slowed at the fund management group last year even as it extended its distribution network across Europe and Asia.
Asad Bhatti given more responsibility after working for managers Paul Causer and Paul Read since 2002.
Analysis & Opinion
Gervais Williams, managing director at Miton Investment Group, espouses his philosophy that when it comes to investment, ‘small is beautiful’.
Aim was launched to allow smaller companies to raise capital.
Ellie Duncan talks to Harriet Steel, Hermes’s executive director, about working with hedge funds and how her architectural ambitions got sidelined.
Areas covered include commercial property and structured products
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