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ScotEq Fof aims to cut pension risk

Scottish Equitable is offering a new fund of funds for its pension contracts which will give investors a risk-graded strategy in the run-up to retirement.

The Universal Lifestyle Collection gradually shifts investment strategy into long gilts to protect investors against performance downturns.

The Lifestyle Collection fund offers access to five external managers – Baillie Gifford, Deutsche Asset Management, Merrill Lynch, New-ton and SG Asset Management without additional costs.

In the seven years before retirement, long-gilt exposure is increased on a monthly basis, allowing the fund to be dripfed into fixed-interest securities.

The Fof has an annual charge of 1 per cent and is available on all ScotEq pensions. It is classed as average risk in the company&#39s range of pension funds.

It follows the launch last year of the universal balanced collection for ScotEq&#39s pension contracts. This is a managed fund investing mostly in equities to achieve long-term growth with a diversified portfolio to spread risk.

Head of corporate sales Jonathon Black says: “This fund ensures advisers can give clients a long-term solution. It gives the expertise of our investment partners at low cost. The lifestyle approach makes this fund one for the long term. It is a sleep-easy investment.”

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