UK - Schroder Pensions has added five new funds to its defined contribution (DC) multi-manager platform - three Baillie Gifford funds and two from Morley Fund Management.
The new funds are the Morley UK Equity SRI Fund; the Morley Balanced Managed Fund; the Baillie Gifford UK Equity Alpha Fund, and the Baillie Gifford Overseas Equity Fund.
The fifth fund, to be called the Global Equity Alpha Fund, is created by combining the other two Baillie Gifford funds using Schroders’ in-house fund of funds system.
Schroders said the additions follow demand from the corporate DC pensions market for open-architecture structures that enable schemes to develop, mature and change over time.
These new external funds follow Schroders’ existing DC multi-manager capability that includes funds from Capital International and JP Morgan Fleming.
By Janet Du Chenne
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.