UK - Credit Suisse Asset Management has launched a target return fund.
The target return is a global fixed income which can invest in any fixed income asset class and aims to achieve a return of 7% with no equity exposure.
Head of institutional marketing Jane Collins said: “The target return concept is based on a strategy that seeks to take a blended approach and full advantage of an increasingly diverse range of global investment opportunities within fixed income markets.”
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