UK - Standard Life Property Investments has launched a UK property income fund which is targeting an annual dividend yield of 6.5%.
The £250m fund is underpinned by an “institutional quality” portfolio of properties which are let on long leases to high quality tenants.
The fund has been set up as a Guernsey-based investment company quoted on the London Stock Exchange.
Standard Life Property Investments investment director property Andrew Jackson said: “Many investors are currently sitting on cash holdings earning low rates of interest and this fund presents an alternative which provides a higher running yield, combined with the prospect of potential capital growth from the underlying property portfolio.”
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.