News in brief 6 October

Written by Talya Misiri

KAS Bank is to invest in fintech for the pensions market.

KAS Bank has announced its intention to invest in fintech available to UK pension schemes. The firm has created a fintech innovation division, responsible for transforming the governance technologies available. KAS Bank has said it believes that this type of innovation could “provide a means to address many of the issues currently affecting the market”. The launch follows KAS Bank’s introduction of the first cost transparency tool, showing costs and charges paid by UK occupational pension schemes in the UK.

deVere has added an investment app to its fintech proposition.

The deVere Investment app is an execution-only, low-cost investment app that will permit clients to purchase structured notes, ETF and mutual funds. The app will be available through iTunes and Google Play. deVere Group founder and chief executive Nigel Green said: “By capitalising on the benefits of this investment app, deVere is helping even more people make their savings work for them, enabling them to successfully achieve their long-term financial objectives.”

Northern Trust Asset Management has launched two ESG index funds.

Northern Trust AM’s two ESG funds will be managed to the MSCI ESG Leaders indices. The Northern Trust World ESG Leaders Equity Index Fund and the Northern Trust Emerging Markets ESG Leaders Equity Index Fund will permit investment in companies with leading ESG criteria in their sector and region. These are the first European funds to track the MSCI ESG Leaders indices. “We are pleased to be launching these two best-in-class funds, underscoring our commitment to creating ESG solutions that meet our clients’ evolving requirements,” said Northern Trust Asset Management managing director EMEA Hazel McNeilage.

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