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GE Life adds fund management big guns to its pension arsenal

GE Life is enhancing the external fund links available on its single-premium pension plans.

It is including a range of flagship funds from Fidelity, Invesco Perpetual, Liontrust and Newton.

The 14 new fund links include Fidelity special situations, Invesco Perpetual high income, Liontrust first income and Newton higher income.

They are added to funds already available from State Street, Goldman Sachs, Schroders and Credit Suisse Asset Management.

Annual management charges for the new external fund links range from 0.7 to 1.65 per cent on top of the core fee of 0.2 per cent a year for funds up to £100,000 and 0.1 per cent for funds in excess of that figure.

GE Life says 90 per cent of the funds it offers performed above the median over the three years to July 2003.

Chief executive Scott Dolfi says: “We have chosen a select number of retail funds to increase the choice available to investors and give them the opportunity to invest their pension with familiar fund managers.”

Chartwell pensions adviser Gemma Bryer says: “GE Life have picked quality funds that clients are interested in rather than the scatter-gun approach of loads of external funds. Clients are used to big names for their Isas and are increasingly wanting funds with a reputation for their pension.”

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