Threadneedle launches multi-asset income fund after pension reforms

Threadneedle has launched a Global Multi Asset Income fund, to be managed by Toby Nangle, as it seeks to provide an alternative vehicle for retirement assets.

Launched with an eye on the changes to pensions provision announced by the government in March's Budget, the long-only fund will invest across asset classes including equities, bonds, and property and cash. It will target a yield above its benchmark - a composite of the MSCI World Index (40%), Barclays Global Agg (40%) and the IPD UK Monthly Index (20%). "Individuals and the industry are still coming to terms with the long-term implications of the government's pension reforms. Where people choose not to purchase an annuity, their pension savings will need togenerate a significant inve...