Norwich Union has appointed Aon Asset Management to select managers for its new range of manager of manager funds.
The new range of funds will comprise Income, Cautious, Balanced and Growth funds, and will be available across Norwich Union’s Oeic, Isa and life products. The funds will be launched on 23 May 2005.
Aon was chosen by Norwich Union in a due diligence process conducted with Morley Fund Management. Morley will be responsible for determining asset allocation across the range of funds.
Norwich Union fund development manager James Pearson says: “This is about re-engaging with people who have had five years knowing they want to save, but not necessarily knowing how.”