JP Morgan has lost Mark Stanley and Emma Douglas two of the star faces behind its £280m (€470m) defined contribution pension product.

The pair will join Scudder Threadneedle Investments to jointly lead the UK fund manager's push in to the defined contribution (DC) pension market. Scudder Threadneedle, which already manages £18bn of traditional defined benefit (DB) UK pension assets, plans to launch the new business in early 2001.