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Baring multi-manager range to come onshore

Baring Asset Management is set to bring its entire multi-manager range onshore.

The move, which is expec-ted to be confirmed in the next six weeks, comes on the back of growing demand for the range of 11 funds from UK investors and will see the products given full distrib-utor status.

Baring manages £300m of assets in multi-manager vehicles, including country-specific funds of funds, a property fund and three risk-based investment portfolios.

Sales and marketing dir-ector Ian Pascal says: “We have had a strong multi-manager range for a number of years and while we initially had institutional and offshore interest, the growth of interest from the UK is the final element needed for the offering.

“What this gives us is scope to put these vehicles onto fund platforms as viable alternatives to some of the existing multi-manager products. Advisers who may have liked our range in the past but have been deterred by tax issues such as CGT will no longer have that barrier to investment.”

Pascal says the group is also looking at setting up an income product but details are still being finalised.

He says: “We are looking into the possibility of launching either an emerging markets or European income vehicle, both of which have massive drivers for investment. Income-based products are growing in demand and these are two areas that have a fantastic opportunity for returns but they remain largely untapped.”


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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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