27 July 2017
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David Bellamy: "DB pension is a market that is growing rapidly but it is not without risk given the complicated nature of assessing the benefits or otherwise of such transfers."
St James's Place is to launch a global growth fund. The wealth manager confirmed the news in its interim results, which also revealed it approaching the defined benefit (DB) transfer market with "a degree of caution".
The new Global Growth fund, which will be run by four managers already on the group's roster - Sands Capital, Edgepoint, Magellan and Select Equity Group - will have a growth bias, exposure to cyclical...
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