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Friends bolsters pension fund options

Friends Provident has added 25 funds to its corporate pension platform, increasing the fund choices to 83.

The new options include a total return fund, a global property securities fund and a range of enhanced equity index strategies.

Funds from Aegon, AllianceBernstein, Cazenove, JP Morgan, Schroders and State Street Global Advisors have been added for the first time.

They include the Aegon high yield bond, the Cazenove UK growth and income fund and Schroder Tokyo fund.

Friends says the choice of fixed-interest funds has been strengthened significantly following adviser feedback.

Manager of fund strategy and selection group Marc Haynes says: “These new fund additions are part of our ongoing strategy to maintain a market-leading investment platform. This will give scheme members additional options and enable them to build more tailored portfolios to meet their retirement needs whatever their age.”

Hargreaves Lansdown head of corporate solutions Nic Nicolaou says: “Wider choice of funds is very good but it can also make it more difficult for people to make decisions. It needs to be allied with good quality information.”

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