MetLife UK is offering its three BlackRock-run unit-linked guarantee pension products as standalone funds without guarantees as it targets younger investors.
In February, MetLife joined BlackRock to launch three unit-linked guarantee products which allow customers to manage investments according to their volatility preferences.
The three managed wealth portfolios offer maximum equity exposure of 50 per cent, 60 per cent and 70 per cent.
Until now, the funds have only been available with guarantees attached.
Metlife charges between 1.04 per cent and 1.24 per cent, depending on portfolio size.
MetLife product marketing director Peter Carter says: “Up until now, the products with guarantees have been aimed at people in their 50s. With the new managed wealth portfolio products we are going for a slightly younger group, people in their 40s who may not want a guarantee but want something that is risk- controlled.”