Fidelity to add State Street's target date funds to DC platform
Michael Klimes
@ProfPensions
Fidelity International will add State Street Global Advisors' (SSGA) target date funds (TDFs) to its defined contribution (DC) platform in the first quarter of this year.
Fidelity said it was seeking to meet client demand for the product by partnering with a high-quality third party provider. The collaboration between the two asset managers will see Timewise TDFs hosted...
More on Defined Contribution
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People's Pension and State Street Global Advisors.
Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).
The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.
PensionBee has launched four ready-made investment pathway solutions with State Street Global Advisors (SSGA) ahead of the February implementation deadline.