Increased product innovation means that trustee investment plans are moving into the retail marketplace. Helen Morrissey asks how the market is developing
Trustee investment plans (TIPs) have been used in the institutional marketplace for some time. Developed as a way of enabling pension scheme trustees to access insurance company products and funds, TIPs provided a cheap and simple way for trustees to access the best fund managers. The market has always shown modest, though not spectacular growth in the past. However, over the past year the humble TIP has undergone something of a makeover with new entrants such as The Hartford and MetLife launching TIPs into the retail marketplace. Often coming with a guarantee, these products now allow SI...
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