US fund management firm Vanguard Group is to join the Association of British Insurers . Fund managers are looking to tap into the UK retirement savings market following a change in the UK 's pension rules , which allows pensions savers to opt to invest in funds rather than buying an annuity . Vanguard has $ 5.1tn in assets under management .
US investment management firm Vanguard Group is to join the Association of British Insurers. Fund managers are looking to tap into the UK retirement savings market following a change in the country's pension rules, which allows pensions savers to opt to invest in funds rather than buying an annuity. Vanguard has $5.1tn in assets under management.