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.
Already a subscriber? Log in.
Subscribe now for a chance to win your dream holiday!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
