UK - Merrill Lynch Investment Managers (MLIM) has announced that Merrill Lynch Property Fund, with its 20 year track record of investment in UK commercial property has moved offshore to Jersey.
The £867m pooled investment vehicle was originally set up in 1982 as an in-house property fund and was opened to all UK exempt investors in 1998.
From 6 April, access to the fund will no longer be restricted to UK exempt investors.
Ian Mason, managing director, Merrill Lynch Investment Managers, said: Moving offshore is a great opportunity as it offers a wider audience the chance to invest in one of the UK’s top performing property funds.
By Luke Clancy
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.