Merrill Lynch Investment Managers (MLIM) its to add Invesco as a guest manager for its stakeholder platform in the UK.
The appointment follows MLIM’s decision to offer Zurich Scudder funds alongside its own stakeholder products. More names are expected to be announced over the coming months.
Invesco will offer MLIM clients a global equity pension fund, a European equity pension fund and a managed pension fund.
By Janet Du Chenne
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers