Threadneedle buys Invesco Perpetual's DC business

Invesco's DC business, with assets under management of about £470m, brings Threadneedle’s pension assets under management to about £1.3bn since launching its DC product in 2001. Ian Trevers, head of distribution at Invesco Perpetual, says: “It provides our clients access to a greater range of funds on the Threadneedle platform, access to additional services on-line and will allow Threadneedle’s clients access to our investment capability. Invesco Perpetual will continue to concentrate on its core strength of investment management.” The deal also means Threadneedle has appointed Rita Butl...