Courtiers to launch trio of income funds

Wealth manager Courtiers is preparing to launch three income funds in a bid to attract pension savers.

The firm plans to launch a UK equity income fund, an overseas equity income fund, and a fixed income fund at the beginning of October, with charges capped at 0.75%. The new funds will be managed by chief investment officer Gary Reynolds (pictured) and Caroline Shaw, head of fund and asset management. Groups including Aberdeen Asset Management, Legal & General Investment Management and Columbia Threadneedle have all recently launched multi-asset funds to target pension savers. However,  there are concerns these types of funds may not be the most suitable for retirees, after a survey...