UK - Threadneedle Asset Management Limited and MM Asset Management are joining forces to launch a defined contribution pension product.
The product will combine Threadneedle’s award-winning DC product knowledge and communications expertise with MM’s highly-regarded range of multi-manager funds.
MM marketing and client services director Nick Slater said multi-manager was ideal for defined contribution.
He said: “The onerous responsibility of decision-making coupled with the ability for multi-managers to make swift and cost-effective manager changes are just two reasons why we believe this service will be beneficial to DC schemes.”
Head of DC pensions at Threadneedle, Emma Douglas, added: “When Threadneedle acquired a majority holding in MM Asset Management last year, we believed that their investment products and our distribution capability would be a good combination and it has proven the case.
“In particular we recognised demand from defined contribution pension schemes – an area where we are winning a lot of new clients. We believe that trustees are demanding more choice for their members – and multi-manager is one of the options they want to see and that is why
Threadneedle has invested in MM and why we are delighted to be offering its funds.”
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