The move means advisers who are part of either of the two schemes will be able to built additional “funds under advice” value in their businesses through advising on the range.
The F&C lifestyle range was launched in March 2007 and is a suite of multi-manager funds which mirror risk-based asset allocation models.
Simply Biz managing director Ian Thorneycroft says: “The F&C lifestyle range is an excellent addition to capital reward. They are based on asset-allocation models generated by the team at distribution technology with funds selected by F&C’s robust multi-manager fund selection process.
“Together, they provide IFAs with low-maintenance, well managed investment portfolios to meet the varying needs of their clients.”
F&C director of strategic partnerships Mark Parry says: “We believe that lifestyle is an ideal fit for this type of scheme as it is designed to provide outsourced investment expertise in asset allocation, risk profiling and fund selection. This approach adds value to both the investor and the adviser over the medium to long term.”