UK - Trustees should consider multi-manager products as a way to lighten their regulatory burden, according to Artemis Investment Management.
The firm believes that the extra responsibilities placed on trustees through the Trustee Act 2000 has left those without sufficient financial acumen “horrified”.
Artemis spokesman Nick Wells said that multi-manager products provide an ideal structure for trustees and advisers to work in tandem.
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.