UK - Isis Asset Management has launched four institutional pooled funds to "plug the gaps" in its product range.
Isis has added two gilt funds to its existing range of six fixed interest funds which, it says, meet the growing demand for products that help schemes match future liabilities.
Isis has also launched two UK equity funds – an index tracker and a fund with high performance targets.
The Isis MPF UK Index Tracker will replicate the performance of the FTSE All-Share, while the Isis MPF UK Equity Enhanced Alpha Fund expects to outperform the All-Share through a focused portfolio of 60 closely monitored stocks.
Isis was created following Friends Ivory & Sime’s acquisition of Royal & SunAlliance Investments in 2002, and chief investment officer Robert Talbut says the firm can address the gaps in its product range now that the integration process is finally complete.
He said: “Our business has been in its current form for 18 months – ample time for us to work through all the issues raised by such a large integration.
“In this time, we’ve quickly found our feet and started to climb back up various performance tables.”
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.