Aegon has launched a High Income fund intended to help investors take advantage of pension freedoms coming announced in the Budget.
The new portfolio will be managed by Kames Capital's Vincent McEntegart and will be available across all Aegon's advised propositions. It will invest in a mix of income-producing assets, including investment grade and high yield bonds, UK and global equity, listed property, and specialist income investments. Up to 30% of the fund can also be held in alternatives with low correlation to bonds and equities, and the investment process will not be constrained by a benchmark. The move was triggered by the changes to pension investment rules announced in the latest Budget, which will al...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
