UK - Winterthur Life has launched its first multi-manager unit-linked investment bond.
The Winterthur Investment Bond will have access to over 45 top funds and seven managed portfolios including the Winterthur Elite Managed Range.
The bond - in line with the recommendations of the Sandler report - has a clear charging structure, with no bid offer spread, no exit penalties and free unlimited fund switching.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.