Morgan Stanley Dean Whitter (MSDW) is launching a range of institutional pension funds under an Oeic...
Morgan Stanley Dean Whitter (MSDW) is launching a range of institutional pension funds under an Oeic structure.
Ian Martin, head of institutional marketing at MSDW, said a European (ex UK) portfolio was launched on 1 April and a comprehensive range, including UK, US, Japan, Far East, bonds and cash would be launched towards the end of summer.
Martin said: "MSDW already runs money for Europe in both the growth and value styles. The European (ex UK) Oeic sub fund will be growth based, with tight risk controls to minimise volatility."
Growth is also likely to be the focus in all the other MSDW sub funds to be launched under the Oeic structure, Martin said.
The pooled pension funds will be run using existing fund managers at MSDW, who now run the institutional segregated mandates and Luxembourg-based Sicavs. The Oeic aims to attract more UK-based institutional investors to MSDW.
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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