UK - Prudential has extended its pensions fund range after developing a multi-manager investment platform.
The insurer has boosted its offering by a further 19 funds, bringing its total range on offer to 44.
These comprise 26 internal funds and 18 external fund options as well as a choice of six fund managers and seven investment styles, the choice of different performance objectives, all major investment classes and access to the Prudential with-profits.
Its five external fund managers are Barclays Global Investors Baillie Gifford, Newton Investment Management, Northern Trust Global Investments, UBS Global Asset Management.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
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Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.