So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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By IPE Staff2021-05-10T15:32:00+01:00
BlackRock has raised $940m (€773m) in a first close of a diversified private debt fund designed for UK pension schemes.
The fund aims to provide investors with a yield premium relative to liquid credit markets, reliable income, and capital preservation.
BlackRock said its team aimed to source high quality assets with strong fundamentals and defensive characteristics, such as in the software, technology, healthcare and business services industries.
The pooled fund invests across US and EMEA direct lending, real asset debt, and opportunistic strategies. It is managed by James Keenan, managing director, CIO and global co-head of credit within BlackRock Alternative Investors.