Scottish Equitable is extending its pension range with four new funds.
Three funds are aimed at investors seeking an above-average level of risk while the fourth, UK equity income, is aimed at medium-risk investors.
The European smaller companies fund is aimed at achieving first-quartile performance over a rolling three-year period.
European Tactical invests in all sizes of European stock and also aims to achieve first-quartile performance over a rolling three-year period.
UK Equity Tactical aims to be an aggressively managed UK equity portfolio offering above-average returns over the medium term.
It expects to invest up to 30 per cent in smaller com panies.
The UK equity income fund is aimed at producing above-average yields.
The funds have a 5 per cent bid/offer spread and a 1 per cent annual charge.