'School fees' funds: The mixed assets of the future?

Fund Management Summit

Fund managers may offer ‘school fees' or ‘paying the bills' products rather than mixed investments in future, according to Threadneedle's head of distribution.

Nick Ring told an audience at Investment Week’s Fund Management Summit the industry is “at a crossroads” between firms creating solutions focused on outcomes, and those providing the building blocks for such funds. He said the government’s pension reforms have heightened the need to offer outcome-orientated products: “People do not really understand what mixed investments means. “Down the line, managers may create the pension product, or the school fees product, or the paying the bills product. If the regulator allows this, it is what we should be doing.” In its attempts to underst...