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.”
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The Defined Contribution Investment Forum (DCIF) has reappointed Vivek Roy as chairman for 2019 following a vote at its annual general meeting last November.