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Friends adds four fund links for its portfolio bond

Friends Provident is adding four fund links to its investment portfolio bond to offer intermediaries more choice.

The links are three new Isis multi-manager funds, which are risk-graded as balanced, distribution and cautious and are managed by Richard Philbin, and the Investec managed distribution fund, a new Oeic run by Alastair Mundy&#39s team.

Friends already offers 50 funds managed by Isis Asset Management and seven other fund management groups through its multi manager facility which was launched in October last year.

Baillie Gifford, Fidelity, Investec, Lazards, Merrill Lynch, Schroders and Threadneedle offer sector-specific funds.

The new fund links feature special offer terms available on the investment portfolio and income distribution bonds.

For investments between £10,000 and £99,999, Friends will add 0.25 per cent to the allocation rate until September 7.

Intermediaries using the Friends extranet services will be able to process their investment portfolio bond business online and the company will pay 0.25 per cent commission for processing new applications online.

Head of investment marketing Ian Jefferies says: “We anticipate significant interest in our new multi-manager proposition, either as a stand-alone fund solution or combined with other quality sec- tor-specific funds.”

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