UK - Scottish Widows Investment Partnership is launching five pooled funds for pension funds, all with scheme-specific benchmarks.
The five SWIP funds are a high risk, high performance UK equities fund; a high performance global equities fund; and UK corporate bonds, gilts and an index-linked gilts tracker funds.
The funds will be launched in October and, from 2004 onwards, schemes will be able to measure the funds’ performance against their own specific benchmarks.
SWIP claims the funds are “a move away” from the one-size-fits-all range that fund managers currently offer schemes and are flexible enough to be used by pooled pension funds of all sizes.
Head of institutional business Chris Walker said: “Scottish Widows has long had one of the strongest names in the pooled fund market.
“This new, flexible range combined with our improved investment performance puts us firmly back in the lead.”
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