INCLUDING: UK - Fidelity fund launch; US - Index additions; UK - Hymans Robertson appointment
UK - Fidelity fund launch
Fidelity International has launched the Institutional Core Plus Bond Fund which employs a multi-strategy approach combining lowly-correlated positions.
The fund has a targeted return of 1.5% above the ML EMU Large Cap index before fees, and will make use of derivative instruments to control risk and reduce volatility.
US - Index additions
Heath care real estate investment trusts (REITs) will be added to the Dow Jones Wilshire Global Real Estate and Global Real Estate Securities Indices in September.
Dow Jones and Wilshire made the announcement, adding these additions would apply to the US versions of the indices as well.
UK – Hymans Robertson appointment
Hymans Robertson has appointed Mark Belchamber as senior consultant in the public sector team.
Belchamber had been head of pensions at the British Medical Association (BMA) and has 15 years of occupational pensions experience.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.