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Threadneedle unveils multi-asset income fund for pensions revolution

Threadneedle unveils multi-asset income fund for pensions revolution

Threadneedle investments has launched a multi-asset income fund for Toby Nangle as investors get set for major changes in the way they manage their pensions.  

The Threadneedle Global Multi Asset Income fund invests across a range of asset classes, including equities, bonds, cash and property.  

Nangle (pictured), who is head of multi-asset allocation at Threadneedle, believes this type of product is well placed to take advantage of the revolution in pensions, which will see the requirement to buy an annuity upon retirement scrapped in 2015.

Nangle said: 'Individuals and the industry are still coming to terms with the long-term implications of the government’s pension reforms. Where people choose not to purchase an annuity, their pension savings will need to generate a significant investment return in order to see them through retirement.

He added: 'Companies like Threadneedle will be entrusted with ensuring retirement assets are appropriately preserved and growth in excess of inflation is achieved, while also ensuring enough income is available to live on.

'This fund offers investors the opportunity to diversify their investment pot by delivering income and returns from an appropriately balanced range of assets.'

The product combines Threadneedle's core investment capabilities of multi-asset and income, with head of EMEA sale, wholesale, Gary Collins pointing out around 40% of the group's assets under management are in some form of asset allocation mandate.       

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