GLOBAL - A combination of strong returns from funds investing in traded life policies (TLPs) and stock market volatility have resulted in a huge increase in the amount of money institutional investors have invested in TLP funds, according to fund manager Managing Partners Limited (MPL).
TLPs are United States-issued life assurance policies sold before the maturity date to allow the original owner to enjoy some of the benefits during their lifetime. They are purchased at a discount from their maturity value, which in the majority of cases is fixed at outset, which means that they are guaranteed to rise in value.
Jeremy Leach, managing director of MPL, said: "With the current stock market volatility institutional investors have increasingly been looking at alternative asset classes that can deliver smooth attractive returns.
"TLPs provide just this, which institutional investors and pension fund managers are increasingly becoming aware of."
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.