Asset managers will now be able to pool pension funds together to reduce administration costs in Ire...
Asset managers will now be able to pool pension funds together to reduce administration costs in Ireland, following changes to regulation. There were three changes announced in the Investment Funds, Companies and Miscellaneous Provisions Bill 2005. The main one is the legal framework for the asset pooling structure the Common Contractual Fund (CCF) which provides for a new investment vehicle – the non-Ucits CCF. The legislation also introduces segregated liability at sub-fund level for investment companies as well as providing for the cross investment between sub-funds of investment co...
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