UK - Schroder Property Investment Management is launching a fund of property funds vehicle, which will give investors access to the entire UK indirect property industry.
The Schroder Indirect Real Estate Fund – which is open to institutional and private investors – will invest in property through a range of different vehicles, including open-ended and closed-ended property unit trusts, limited partnerships, listed and unlisted equities and property index certificates.
Schroders says the fund increases the potential for investors to gain diversification and access to large, high quality buildings which have, historically, tended to produce stronger returns than smaller properties.
Schroder Property Investment Management head of product development Mike Clarke said: “Schroders has a strong presence in the UK property market; as such we have identified an opportunity to launch a fund-of-funds product which offers investors the opportunity to benefit from diversified property exposure.”
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.