EUROPE - Allianz Global Investors has launched a range of five funds specifically designed for pan-European investors, covering Europe, US, Japan and emerging markets.
Allianz said its Global Investors Premier range would mirror existing Allianz funds with proven track records and managers and four or five star ratings from Standard & Poors. More funds are planned to be added to the current range of five some time next year.
The funds are now available across the UK and registration is planned, subject to regulatory approval, for Germany, France, Italy, Netherlands, Spain and Sweden by the end of the year.
Commenting on the launch, Nick Smith, head of sales and marketing at Allianz Global Investors (UK), said: "There is no better time to launch this initiative to our Pan-European clients. As our clients build their businesses on a Pan-European basis, so we must meet their needs for funds that are available to buy across Europe."
Management fees for the funds are set at between 0.41% and 0.88% for the P, I and W Share classes, and for the A Share and C Share classes, the fee is between 1.35% and 1.75%.
There is no minimum investment for the A and C Share classes.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.