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.”
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.