Morley Pooled Pensions Limited (‘Morley’), the pooled pensions business of Morley Fund Management is launching four new aggressive funds.
Morley Pooled Pensions Limited ('Morley'), the pooled pensions business of Morley Fund Management is launching four new aggressive funds.
Specialist Global Equity - Target 3.0% outperformance of benchmark. First fund to be managed by Michael Jennings since joining Morley.
Specialist Managed - Target 2.5% outperformance of CAPS Balanced Median. Uses the expertise of Morley's 8 strong strategy and economics team to consistently add value via asset allocation.
Specialist UK Equity - Target 3.0% outperformance of FTSE All Share Index. Managed by Iain Brown, senior fund manager within Morley's leading Pan European pension fund team.
UK Core Plus Bond Fund - Target 1.0% outperformance of benchmark. One of the first aggressive bond funds to be launched by a Pooled Pension fund manager, providing an enhanced return from a relatively safe asset class.
These funds add to the 25 pooled funds already on offer from Morley which include three SRI funds; Managed, UK Equity and Global Equity. Morley now offers one of the most comprehensive ranges of investment funds and customised benchmarks to meet the needs of both defined benefit and defined contribution pension schemes.
In addition Morley have been adding further expertise to their pooled fund team with a series of key appointments. Lyndsey Pilling joined from Northern Trust Global Investments in August as a manager with responsibility for pooled fund sales and Paul Davies and Cindy Ong joined last year to head up pooled fund operations.
Commenting on the launch, Philip Beale, Head of Pooled Funds at Morley said:
"We are very pleased to announce the launch of the aggressive pooled funds which complement our extensive pooled fund range covering all major asset classes and markets. We have had a successful first half of the year in pooled funds taking more than Ł100m in new business. These days offering clients choice is becoming increasingly important, especially as the move towards DC continues. We believe that the addition of these high performance funds provides pension fund investors with an unparalleled range of investments. Defined Contribution is a growing part of the UK pension fund market and Defined Benefit schemes continue to mature, we have responded to these trends by developing a range of funds which offer modest, moderate and aggressive risk profiles to meet the needs of all our investors."
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For further information please contact
| Morley Fund Management Philip Beale | Tel: 020 7809 6127 | |
| Penrose Financial Sally Todd | Tel: 020 7786 4882 | sallyt@penrose.co.uk |
| Caroline Deutsch | Tel: 020 7786 4871 | carolined@penrose.co.uk |
Notes to Editors
Morley Pooled Pensions is an associate business of Morley Fund Management. It has a range of 29 pooled funds, including 3 SRI funds and has Ł2.4bn funds under management.
Morley Fund Management is an independently managed, London based, asset management business with Ł106 billion under management. It has investment management operations in London, Boston, Tokyo and Singapore.
Morley is a wholly owned subsidiary of the CGNU Group and manages institutional funds under the Morley brand. It also acts as investment manager for a range of retail investment funds, marketed under the Norwich Union brand.
CGU plc and Norwich Union plc merged on 30 May 2000 to create CGNU plc, the UK's largest insurance group and one of the top-five insurers in Europe with substantial positions in other markets around the world, making it the world's sixth largest insurer based on gross worldwide premiums.
Morley Pooled Pensions Limited
Morley Pooled Pensions has developed a range of 29 investment funds offering modest, medium and aggressive risk profiles. Investors can choose from the following:
Managed Funds
Growth Managed Fund
Balanced Managed Fund
Sentinel Managed Fund
UK Equity Funds
UK Equity Fund
UK Smaller Companies Fund
International Equity Funds
International Equity Fund
American Equity Fund
European Equity Fund
Japanese Equity Fund
South East Asian Equity Fund
Emerging Markets International Fund
Specialist Funds
Specialist Managed Fund
Specialist UK Equity Fund
Specialist Global Equity Fund (benchmark: 50% UK FTSE All Share, 50% FTSE World Index ex UK)
SRI Funds
SRI Managed Fund
SRI UK Equity Fund
SRI Global Equity Fund
Index Tracking Funds
UK Index Tracking Fund
International Index Tracking Fund
Global Index Tracking Fund
UK Fixed Interest Funds
UK Fixed Interest Fund
UK Core Plus Fund (benchmark: 75%FTSE Govt 5-15yr Gilts, 25% FTSE Govt over 15 yrs Gilts)
Retirement Protection Fund
Other Bond Funds
Index-Linked Securities Fund
Corporate Bond Fund
Long-dated Corporate Bond Fund
International Bond Fund
Other Funds
Property Fund
Deposit Fund
Further information on Morley Pooled Pensions Limited can be found at www.morleyfm.com/pensions
Issued by Morley Fund Management and Morley Pooled Pensions Limited
Morley Fund Management is a business name of Morley Fund Management Limited (incorporated in England with Registered No. 1151805 and Registered Office 1 Poultry London EC2R 8EJ) and Norwich Union Investment Management Limited (incorporated in England with Registered No. 2152949 and Registered Office 8 Surrey Street Norwich NR1 3NG) both regulated by IMRO.
Morley Pooled Pensions Limited registered in England no. 1059606. Regulated by the Personal Investment Authority. A member of the Association of British Insurers. Represents only the Norwich Union Marketing Group, members of which are regulated by the Personal Investment Authority. Registered office: 1 Poultry, London EC2R 8EJ.
All are members of the CGNU Group.