Fidelity International gets UK approval to include private assets in pension funds for better returns.

Fidelity International has received approval to integrate private assets, such as private equity and real estate, into its default investment strategy for UK workplace pension schemes. This move, through a new Long-Term Asset Fund, aims to provide diversification and potentially better returns for pension members. The allocation could reach up to 15% of the FutureWise fund over three years.

November 20, 2024
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