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What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

UK watchdog tells asset managers to ensure liquidity in funds

Reuters - UK Focus
Updated

LONDON, Nov 4 (Reuters) - Asset managers have a central duty to ensure effective liquidity management of their funds, even where investment management has been delegated to another person, Britain's Financial Conduct Authority said on Monday.

"Good fund governance ensures the liquidity of your funds' underlying assets is appropriately considered," Nick Miller, FCA head of asset management, said in a "Dear Chair" letter to asset managers published on Monday.

The FCA has opened an investigation into the suspension in June of the now-closed flagship equity fund run by Neil Woodford, one of Britain's highest-profile asset managers.

The fund was unable to meet daily calls from investors for redemptions because it was unable to sell purportedly illiquid assets fast enough.

(Reporting by Huw Jones; Editing by Kevin Liffey)