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Cazenove and AIG in new deal to boost products

Cazenove Investment Fund Management and AIG Life have agreed a new deal which will see them forge closer links and promote each other&#39s products.

Cazenove&#39s four fund of funds will be available through a range of AIG Life&#39s products, including its capital portfolio bond, personal pension bond, trustee investment bond and offshore bond.

AIG Life already offers a selection of externally managed funds but the deal means Cazenove becomes the only multi-manager available in its range.

In an earlier agreement between the two, both providers promoted Cazenove&#39s multi-manager funds within the AIG Life onshore investment bond.

AIG Life business development manager Alan O&#39Neill says: “The launch of the unique tax-advantaged bond and the underlying investment funds have generated much interest within the IFA community.

“The availability of these four funds across the wider range of AIG Life products will enable IFAs to have the option of providing a diversified investment portfolio for their clients from a single fund selection.”

Cazenove managing director Robin Minter-Kemp says: “The differing strengths of Cazenove complement those of AIG Life and this new distribution initiative is appropriate both pre and post-depolarisation. Successful, innovative approaches in achieving economies of scale will be crucial to the future retailing of investment products.”

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