UK - Newton Investment Management founder Stewart Newton is setting up a boutique fund manager which will offer schemes absolute returns.
The venture – registered as ‘The Real Return’ – is a collaboration with former Newton Investment Management chief investment officer Charles Richardson and chief executive Colin Harris.
They claim by simply managing against indices, fund managers are not acting in the interests of pension funds to achieve real returns.
The Real Return will invest globally and said that it will charge a base fee similar to index trackers but with a performance-related bonus on top depending on its performance over two years or more.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).