Investment Matters

Posted on Feb 28, 2001

Market consolidation continues with the merger of Invesco and Perpetual's defined contribution businesses. Pan European insurer Eureko has bought London based manager Foreign & Colonial and JP Morgan Chase is the product of the coming together of Fleming, Chase Manhattan and JP Morgan.

The year 2000 has been billed as the year of the active value manager and has seen the average pension fund exceed the return on the FTSE All share Index by 1.5%.

AXA UK has gained High Court approval to its plans to repatriate its orphan assets of 1.7bn. 525m goes to policyholders.