UK - A UK small and mid-cap fund for institutional investors has been launched by Standard Life Investments.
The UK Opportunities Fund will invest in stocks with a market cap of between £10m and £2bn. It will initially have a 50-50 split between FTSE250 and FT Small Cap stocks.
However, further allocation will be driven by the relative merits of the underlying companies.
Fund manager Mark Niznik said: “This new fund will aim to give investors a superior long-term return by investing in businesses with good franchises where valuations look attractive.”
Standard Life managing director of mutual funds Alan Burton added: “The UK Opportunities Fund will draw upon the experience, knowledge and expertise of the award-winning UK Smaller Companies team which has already achieved considerable success with its UK Smaller Companies Fund.”
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.