Norwich Union is enhancing its pension offering with access to 21 new pension investment funds.
It will be offering three new funds – corporate bond, managed high income and world leaders – 14 external funds from fund managers Fidelity, Investec, Newton and Schroders, three unfettered fund of funds, with US specialist Investment Manager Services acting as portfolio adviser, and a UK dynamic fund from Merrill Lynch.
The funds will be available through corporate pension schemes from October and through individual pensions from December.
NU says the unfettered fund of funds provide scope to spread risk by investing in a wide range of funds, offering balance in all market con-ditions for both cautious and more aggressive investors.
Head of pensions development Iain Oliver says: “We anticipate that the increased diversity of inv-estment funds available through Norwich Union pensions will prove to be very popular with customers, giving them a wider variety of choice to meet their needs.
“The addition of these new funds is a significant step in the development of our pension offering. They have been selected to complement the existing range, giving access to a greater range of investment classes and policies from Norwich Union and a selection of leading fund managers.”