Retirement solutions provider Aegon UK has extended the number of products financial advisers and clients can choose from.
The firm has added a set of risk-managed portfolios, comprising six multi-asset funds, available to pension, Isa or general investment account (GIA) investors using either Aegon Retirement Choices or the Aegon platform.
Each offering has a different risk profile, and ongoing charges figures have been set at 0.25%, the pension provider said. They use low cost passive components, mainly provided by Blackrock
The range will be managed by Richard Whitehall, head of portfolio management, who also works with Morningstar to determine the fund’s asset allocation.
Compliance
Aegon added that risk management and governance has been built into the investment vehicles to make it easier for advisers to meet Mifid II and Prod requirements.
Tim Orton, managing director for investment solutions at Aegon, said: “We know that there is a demand for value-focussed investment strategies that offer a simpler way to invest, aiming to grow savings while taking account of their appetite for risk.
“These funds also make it easier for advisers to meet their regulatory obligations and are designed to fit in many centralised investment propositions.
“Aegon has a great deal of experience managing multi-asset funds. Through extending this to an open-ended investment company (Oeic) range, we’ve sought to extend this availability beyond pensions, to our Isa and GIA investors and make it easier for advisers to use for platform clients.”
