GLOBAL - Crédit Lyonnais Asset Management's Luxembourg funds have been streamlined into the firm's flagship ‘Lion Fortune' umbrella-fund.
With 19 different sub-funds, Lion Fortune is a single, flexible investment vehicle covering equities, bonds, convertible bonds and money market instruments, global markets and a choice of sectors (healthcare and technology).
Eight of its 19 sub-funds are now rated by Standard & Poor’s fund management ratings.
Lion Fortune is available to private clients, international private banking clients and major institutional investors and is marketed, in part of in full, in Germany, Austria, Belgium, Chile, France, UK, Italy, Luxembourg and Switzerland. As of 31 October 2002, assets totalled E1.3bn.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.