In a so-called “capital-backed journey plan”, investors provide a pension scheme with extra capital, in return for any investment returns above an agreed level after a set number of years. — Reuters
Hedge fund Davidson Kempner and asset manager M&G are racing to be among the first firms to inject capital to boost Britain’s £1.4 trillion pension sector, industry sources say.
In a so-called “capital-backed journey plan”, investors provide a pension scheme with extra capital, in return for any investment returns above an agreed level after a set number of years.
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