News in brief – 7 August 2020

Invesco has launched two but and maintain funds for UK defined benefit (DB) pension schemes.

The two funds, Invesco Global Buy and Maintain Credit 2020-2035 Fund and Invesco Global Buy and Maintain Credit 2030-2050 Fund, are Luxembourg-domiciles FCP-RAIFs. Invesco said that the funds offer clients exposure to global investment grade credit, with the aim of generating income that can be used to meet liability cashflows whilst producing a predictable level of return. They will be managed by Invesco co-head of global investment grade credit, Luke Greenwood.

EValue has launched a range of investment pathways solutions in preparation for the implementation of the policy in February 2021.

The options offered for providers include an off-the-shelf white label communication tool, DIY plug-and-play APIs for bespoke solutions, an appropriateness report, and optimised retirement funds that offer strategic asset allocation to help optimise retirement funds for decumulation. The FCA’s investment pathways will be introduced to help non-advised drawdown customers make better investment decisions at retirement.

A new equity release drawdown product and adviser portal has been introduced by LV=.

The firm is expanding its presence in the equity release market with the launch of its new platform supporting its current products and the introduction of a new drawdown product – Lifetime Mortgage Drawdown+. Using the LV= Equity Release Portal, advisers can produce key facts illustrations, submit and track lifetime mortgage applications online and through systems automation benefit from faster end-to-end times to help their customers complete new business.

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