Jupiter is widening the investment powers of its four Merlin Portfolios, by re-classifying them as non-Ucits retail schemes. The move is part of the group's decision to convert its range of unit trusts to Coll by 17 July 2006.
The changes raise the maximum investment in any one collective scheme from 20% to 35% and enable investment in a broader span of vehicles.
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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