UK - Insight Investment has launched a triple-A sterling money market fund aimed at institutional investors.
The Insight Sterling Liquidity Fund accepts minimum investments of £250,000 and will be managed by the firm’s director of money market funds Colin Cave.
Institutional managing director Mark Connolly said: “We have launched this sterling liquidity fund in response to the considerable demand from clients who want to hold short-term cash positions.
“The timing of the launch of this fund is right.
“We foresee continued volatility in global financial markets, and against this backdrop many investors will seek the safety of cash.
“This fund combines security, liquidity and money market returns, providing an attractive alternative to traditional bank deposits for short-term cash investments.”
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.