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ScotEq Intl adds fund to retirement selection

Scottish Equitable Internat- ional is adding a version of its externally managed universal balanced collection fund to its retirement planning range.

The fund will have a 1 per cent annual charge and will mirror the UBC pension fund, which has grown to over 1.74bn since launch in 2001.

It is available for inclusion in offshore single-premium products and for SEI ‘s flexible investment plan which is used alongside its pension products for retirement planning.

The portfolio offers a combination of active and passive management, with 75 per cent of the fund invested in a balanced passive fund, managed by Merrill Lynch.

The remaining 25 per cent of the fund is invested in funds managed by five third-party investment houses – Baillie Gifford, DWS, Newton, UBS Global Asset Management and again Merrill LynchSEI marketing manager Steven Whalley says: “This fund has proved very popular for Scottish Equitable’s pension fund range.”

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