JLT Employee Benefits has acquired the digital saving and investment service Moola. The deal, subject to regulatory approval, is aligned to JLT’s strategy of improving the financial, emotional and “physical wellness” of its people by delivering better business performance. Moola will become an offer on JLT’s rewards and benefit platform Benpal. It will allow customers to invest in Individual Savings Account (ISAs) and Generalised Investment Accounts (GSA), while providing free educational content to “cut through the financial jargon”.
Royal London Asset Management (RLAM) is set to launch a monthly income bond fund designed for independent financial advisers and wealth managers. The fund, set to be launched later in the year, will target a number of underlying credit and high yield portfolios, with the option to hold up to 30 per cent in individual bonds and other fixed-income strategies. The new offering will “exploit the inefficiencies inherent in credit markets” from over-reliance on liquidity and credit ratings. RLAM head of fixed income Jonathan Platt will run the fund.
Plumbing Pensions and FNZ have joined the technical pensions legislation specialist Aries Pensions Club. Plumbing Pensions hopes that the partnership will help ensure “up-to-date precise information is on hand” to ensure the scheme is running as it should. Aries aims to help clients understand the impact of changes in legislation and communicate these changes going forward. FNZ has joined the club as an administrator and platform provider.
Recent Stories