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 registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.