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HSBC adds external funds to enhance DC offering

HSBC Investments has made 15 funds from external providers available within its bundled defined-contribution offering.

In addition to its own range, HSBC now offers funds from providers including BlackRock, JP Morgan, Baillie Gifford, Newton and M&G.

It says the external funds on the platform were chosen through a structured selection process aimed at meeting key requirements. It says its best of breed approach has also ensured daily dealing on all funds, complementing an existing range of active, passive, specialist and multi-manager funds.

Head of DC services Peter Cox says: “We have watched the trend towards open architecture unfold in recent years and are in a position to respond to industry concerns about what makes for an appropriate and sustainable fund offering. There is increasing recognition that fund proliferation is becoming a problem for providers, fund managers, employers, trustees and members. We have responded to the need for choice but not at the cost of proliferation, which is confusing and damaging.”


Green giants

The news that fund management giants Schroders and Jupiter are gunning for green money with new fund launches shows ethical funds are finally coming of age.

Most firms expect levelling down

The Association of Consulting Actuaries is warning of a “pension apartheid” after its research found widespread concern among companies that personal accounts will damage existing provision.The ACA found 68 per cent of employers believe that personal accounts will lead to a levelling down in employer contributions while 76 per cent predict more closures of better […]

Means-testing looks set to be scrapped for low earners

Former DWP minister Baroness Hollis has added an amendment to the Pensions Bill which could remove means-testing for low earners if it is passed in the House of Lords. This would represent a big departure from the Government’s stance on means-testing for benefit entitlement which previously would have been calculated on the basis of the […]

BM move to pay rate could spark BTL shift

BM Solutions is making an aggressive move to gain a bigger share of the buy-to-let market by shifting to calculating rental income on pay rate.John Charcol senior technical director Ray Boulger says the move could provoke its rivals to follow suit to avoid losing market share.He says: “Using pay rate makes a huge difference. It […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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