UK - Media giant Reuters is to offer its staff nine further equity, cash and gilt DC funds in a bid to boost member choice.
Deutsche Asset Management will offer a global, North American, European, Pacific Basin and Japanese equities fund.
Barclays Global Investors will offer a global equities and UK index fund, an index-linked fund and a cash fund.
All funds will be available from June 2.
The additional funds will extend the scheme’s range to 14 after the withdrawal of three funds – Deutsche’s UK equity tracker fund, balanced fund and an active UK/overseas equities fund are all being replaced.
Reuters UK pension fund manager Derek Forss said: “The changes are part of a programme to provide support and education around investment decision-making.
“We want our members to have the tools to take control of their retirement planning. Offering a wider range of funds to them is part of that programme.”
Reuters pension fund’s DC scheme has a value of £20m.
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