Threadneedle launches multi-asset income fund after pension reforms

Launched with an eye on the changes to pensions provision announced by the government in March's Budget, the long-only fund will invest across asset classes including equities, bonds, and property and cash. It will target a yield above its benchmark - a composite of the MSCI World Index (40%), Barclays Global Agg (40%) and the IPD UK Monthly Index (20%). Long-term implications "Individuals and the industry are still coming to terms with the long-term implications of the government's pension reforms. "Where people choose not to purchase an annuity, their pension savings will need...