Zurich Scudder has launched a new defined contribution service, which will be led by Mark Stanley and Emma Douglas.
The firm is introducing three new Pathway funds aimed at trustees and members of DC pension schemes. The new service will be branded Threadneedle Pensions.
The new funds will be benchmarked on global indices rather than against the CAPS fund average. The new pathway funds, dubbed the Adventurous Pathway, Balanced Pathway and Cautious Pathway, have appropriate risk profiles to match their names.
Additionally, Stanley and Douglas' team has created a communications package for DC scheme members and trustees. Zurich Scudder will provide educational material on risk, returns and asset classes, so that members can select an appropriate balance of funds. Additionally, quarterly reports will be available via the internet or hard copy.
Stanley and Douglas, who joined the firm as co-heads of the DC business in November, arrived at Zurich Scudder via JP Morgan. Prior to JP Morgan, Stanley was a consultant with Hymans Robertson while Douglas worked with Fidelity.
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