Industry
Retirement | 4 Mar 15
HSBC offers lower cost retirement funds
HSBC Global Asset Management, the fund management arm of HSBC, has announced it will offer three new funds built on its flagship World Selection portfolios with charges suitable for the UK defined contribution (DC) marketplace, given the new 75bps charge cap.
Growing expat community to stimulate
The Qatar Investment Fund, which invests into quoted Qatari equities, predicts growth in the country’s financial sector this year as expats capitalise on ongoing infrastructure opportunities.
FCA widens coverage of DB transfer rules
The Financial Conduct Authority (FCA) has announced that all members of UK defined benefit pension schemes must in future receive professional advice before transferring funds to defined contribution (DC) schemes.
Momentum appoints investment head
Momentum, one of the world’s leading international pension providers, has appointed a group head of administration and investment.
Bottomup diversification JPMAM launches SICAV
J.P. Morgan Asset Management is targeting investor demand for diversification with the announcement of a new SICAV vehicle.