UK - Royal London Asset Management has launched a new high-yield flexible bond fund.
The sterling extra yield (S£XY) fund gives options to invest in a variety of bond classes.
Investors can opt for 100% in investment grade bonds or take 75% in sub-investment grade, for example.
RLAM head of sales Stan Bland said: “It’s the ‘X’ factor in S£XY that makes it stand out against other funds.
“We are offering a yielding bond fund with a 7.5% gross redemption yield, without a huge leap up the risk scale by investing in bonds with securities over assets.”
The share class “A” version of the fund, which is tailored to institutional customers, will require a minimum lump sum investment of £100,000.
There is no initial fee and an annual management charge of 0.75%.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.