UK - Scottish Mutual has added 37 external fund links to its flexible retirement package to increase its share of the market.
The funds include nine multi-manager products from Attica Asset Management.
The ABI predicts that the market for flexible pensions – products that allow individuals to keep some of their retirement money invested past retirement – is expected to increase by 45% by 2005.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
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