INCLUDING: UK - Punter Southall promotes research; UK - NAPF launches new specialist service; UK - LCP partner promotions; LUXEMBOURG - HSBC launches climate change fund; UK - Ashmore launches new asset class; UK - JPMorgan in 130/30 for four; HOLLAND - F&C strengthens real estate team
UK – Punter Southall promotes research
Punter Southall has created two new roles within its research department by appointing Joanne Livingstone as technical director and Jane Beverley as principal and head of research.
Livingstone will be responsible for overseeing the strategic development of the research department and developing new products and services for clients. Meanwhile, Beverley will oversee the operational management and expansion of the research department.
UK - NAPF launches new specialist service
The National Association of Pension Funds (NAPF) has launched a new specialist member service aimed at those involved in defined contribution (DC) pensions.
Called DC PensionsConnection, it has been designed specifically to help those involved in DC pension provision meet the growing challenges of running workplace-based DC schemes.
UK – LCP partner promotions
Lane Clark & Peacock (LCP) has promoted Andrew Pocock and Claire Jones to partner. Pocock has been with the company for ten years and has managed one of LCP's four actuarial teams in addition to being involved in recruitment and training. Jones joined LCP in 2006 and has been a supporting actuary to a number of pension schemes.
LUXEMBOURG – HSBC launches climate change fund
HSBC Investments has announced that the HSBC Climate Change fund, is set to launch on 9 November. The fund will invest in companies best placed to profit from “addressing, combating and developing solutions” to climate change.
UK – Ashmore launches new asset class
Ashmore Investment Management (Ashmore) has launched a new fund tailored to institutional investors based on a new asset class. The Ashmore Emerging Market Corporate High Yield Fund (AEMCHY) will invest in corporate bonds from emerging markets, and aims to offer investors a higher yield and better security than conventional markets.
UK – JPMorgan in 130/30 for four
JPMorgan Asset Management (JPMAM) has announced the launch of four new 130/30 funds for institutional investors. The investment vehicles, called the JPM US, US Select, Europe and Europe Select 130/30 funds, aim to produce high alpha returns though capitalising on positive long positions whilst exploiting negative stocks.
HOLLAND - F&C strengthens real estate team
F&C has announced it has completed the restructuring of its Amsterdam-based Global Real Estate Securities desk, expanding the team led by Dirk Molenaar from two investment professionals to five. The most recent appointment was Jorrit Arissen as portfolio manager. Previously, Arissen worked for ABP Investments, where he was a real estate securities analyst.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.