Following a restructuring within Schroders, Head of Structured Fund Management, Dr Thomas See, has left the business. Dr See was responsible for the options overlay within the group’s Income Maximiser range of funds. This responsibility now falls to Mike Hodgson, who leads a newly formed team, Risk Managed Investments and Structuring. We do not see this change as material and as such retain the A rating on the Schroder Income Maximiser fund.

We recognise Dr See’s contribution to the overall success of the Maximiser range and wish him well for the future.