Norway’s sovereign wealth fund, the world’s second largest, will increase investments in Asia, as the region leads the global economic recovery, said Norges Bank Governor Svein Gjedrem.
Prudential, Britain’s biggest pension provider, said it had seen a significant increase in lump-sum payments into its pension funds, as investors tried to beat the Budget and make the most of current tax-relief regime.
Investors are ploughing money into their pension funds ahead of possible tax restrictions in next week’s Budget, with one provider reporting a three-fold increase in lump sum contributions.