Smart Pension has incorporated private market illiquids into its default strategy.

The new solution, developed in partnership with Natixis Investment Managers (IM), opens up the potential benefits of illiquids to Smart Pension’s defined contribution (DC) pension members through the new MV Dual Credit Fund. It uses Natixis IM’s multi-affiliate model to allow bespoke combined solutions to be brought to the market in a “cost effective and accessible way”. The MV Dual Credit Fund blends European leveraged loans managed by MV Credit with a global multi-asset credit strategy from Loomis Sayles.

UK Power Networks, Hymans Robertson and Lothian Pension Fund have been reaccredited by the Pensions Administration Standards Association (Pasa).

“Going through accreditation is extremely challenging, there is nothing easy about the process,” said Pasa Accreditation Committee chair, Lorraine Harper. “That these organisations have gone through the process more than once before, and have repeated it again, clearly shows the strength of the accreditation itself and the value it brings. It is deeply encouraging that interest in accreditation has gathered even more momentum over the last year and we look forward to announcing more in the coming weeks.”

The Personal Investment Management & Financial Advice Association (PIMFA) has welcomed the Financial Conduct Authority’s new whistleblower service.

The regulator’s new service encourages individuals working in financial services firms to report potential wrongdoing. “It is vital that those working in financial services are able to report, in confidence, suspicions of wrongdoing by their colleagues, or others in the industry,” commented PIMFA director of government relations and policy, Tim Fassam. “But it is also vital that having reported such suspicions those individuals are able to have confidence that they will be investigated thoroughly.”

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