Defined Contribution

Asset managers pile into retirement income space

Threadneedle Investments has launched a global multi-asset income fund in response to the additional pension flexibilities announced in this years' Budget.

Life and pensions underlying profits at Lloyds Banking Group were down 18% to £461m in the first half of the year, latest results show.

Annuity sales have dropped 43.8% year on year as retirees wait for pension freedoms to begin in April 2015, according to latest research.

BlackRock is working to "repurpose" its range of target date funds and introduce an income drawdown product in response to the liberalisation of defined contribution (DC) regulation.

JO Hambro Capital Management is considering rolling out a multi-asset range as it looks to benefit from pension reforms, its chief executive says.

Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.

BNY Mellon head of DC Catherine Doyle interviews Newton Investment Management portfolio manager Paul Brain about how unconstrained bond strategies can protect DC investors from rising interest rates.

Louise Potgieter speaks to BNY Mellon head of DC Catherine Doyle about the role unconstrained bond investing can play in both the accumulation and decumulation phases of DC schemes.

Fidelity Worldwide Investment has launched an at-retirement service ahead of the deadline for implementing the new flexibilities for defined contribution (DC) members next April.