Capita drops BlackRock funds over investment concerns

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Capita Group has dropped BlackRock's Japanese and European equity funds for its defined contribution (DC) trust scheme after a "loss of confidence" in the manager's investment process.

The Capita Group Money Purchase Scheme (CGMPS) invested in BlackRock's Ascent Life European (ex UK) Fund and the Ascent Life Japanese Equity Fund. These are the main platforms in the scheme's Europ...

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