UK - Gensec International Asset Management is to re-launch as io investors, a multi-manager firm for the institutional and intermediary markets in the UK.
The new firm’s capability ranges from advising mature pension funds on meeting future liabilities, to providing independent financial advisory networks with retirement planning vehicles to promote to their clients.
Jonathan Punter, founding principle of Punter & Southall, will lead the company as CEO while John Conroy will head up the institutional business development team.
io investors’ solutions will include a manager of managers hedge fund and a passive pooled vehicle.
By Janet Du Chenne
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).