News in brief - 26 November 2021

Aegon has launched an online ‘future self’ tool to help savers visualise their retirement.

The Aegon Future Self Tool was created in response to the findings of Aegon’s latest Financial Wellbeing Index, which revealed that only around one in three people have a specific picture of their future self in mind. The research also suggested that the more concrete a picture of your future self savers have, however, the more likely they are to be a top contributor to long-term savings, such as a private pension. In light of this, the tool will ask savers nine questions, then producing a gallery wall to help provide individuals with a vision of what their retirement can look like, which will also be shareable on social media.

BlueBay has launched a new environmental, social and governance (ESG) focused multi-asset credit fund.

The BlueBay Total Return Diversified Credit ESG Fund will allow fixed income investors to gain exposure through an ESG lens across global high yield, bank loans, financial capital bonds, structured credit, Convertible bonds, emerging markets and developed market investment grade. It will look to identify and avoid investments with excessive ESG risks, and will also focus on progressing the lower carbon agenda by avoiding companies deriving revenues from oil sands and artic drilling, as well as thermal coal or fossil fuels. It will also exclude sovereigns that have not ratified the Paris Agreement, and, as is standard for all BlueBay funds, controversial weapons and tobacco will not be included.

AMX has launched a tax transparent Common Contractual Fund for Storebrand Asset Management.

The fund has already gained investors, including East Sussex Pension Fund, and has attracted additional commitments from institutions that are in the process of funding. The tax transparent structure of the AMX UCITS CCF - Storebrand - Global ESG Plus fund is expected to enable Storebrand to position their climate risk mitigation strategy to UK pension funds, whilst also offering significant withholding tax savings compared to other structures. It will exclude fossil fuel companies and aim for alignment with the Paris Agreement goals, also demonstrating lower carbon risk with better climate solutions and ESG scores than the global index.

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