Baring Asset Management is offering a range of unit-linked life funds to
run alongside its existing Oeic range for institutional investors.
The funds are aimed at both defined-benefit and defined- contribution
occupational pension schemes investing in pooled funds.
The new funds will be invested through a branch of ING-owned Dutch insurer
Nationale-Nederlanden, which has been “passported” to the UK so Baring can
take advantage of the tax and admin breaks under life office regulations.
Baring says the investment vehicle will provide a life company fund of
funds wrapper for its overseas equity and bond Oeic sub-funds and cash unit
Baring has appointed Simon Hallett as senior European investment manager
in the European equity team. Based in London, he will lead the research of
companies in the technology segment. He joins from IAI International.
Baring head of UK institutional pooled funds, sales and client service
Keith Thomas says: “We are delighted that, by working with
Nationale-Nederlanden, it has enabled us to develop a life company
structure very efficiently as the investment vehicle for a range of equity
and bonds in which UK-exempt approved pension schemes are able to invest.”