UK - Merrill Lynch Investment Managers (MLIM) has launched three new fixed income funds to make bond allocations generate higher levels of alpha.
The new funds also form part of MLIM’s liability solutions product range, which has attracted over £4bn of assets since 2003.
The three funds are; High Performance over 5 years Index Linked Gilt Fund, High Performance over 15 year Gilt Fund and High Performance Cash Fund, and are offered via a Jersey-based pooled umbrella vehicle.
The target is benchmark +2%, gross of fees. Chris Fellingham, head of fixed income at MLIM, will lead the 14-strong team in London.
Fellingham commented: “Clients are demanding higher performance from their bond allocations particularly as schemes seek to deal with pension fund deficits.
“With pension scheme liabilities tied to bonds, this product range offers our clients higher alpha whilst limiting the increase in risk.”
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.