Scottish Widows has added 23 new funds to its life and pensions fund range which will be available from April 21.
The life office reviewed its fund manager relationships and all external fund links during 2007 and will now have links with 13 asset management firms to offer a broader range of funds to policyholders.
The new range includes a fund from Newton Investment Management which is exclusive to Scottish Widows and will be managed by Newton director of investment strategy & asset allocation Tim Wilson.
Scottish Widows senior manager of fund monitoring and governance Gareth Trainor says: “We’re launching these funds as part of a recent major review of our life and pensions fund range and are delighted to be working with carefully selected strategic partners. Our specialist fund monitoring and governance team will monitor these managers and funds to ensure they remain the best choice for our policyholders.
“We link to fund management companies that are in demand. We know that dual-branded funds are attractive to advisers and investors, so first we choose the fund management companies and then the funds. However we believe in building meaningful and effective partnerships, and not simply amass fund links. What is important to us is quality and not quantity. We want to harness the different fund managers’ expertise and strengths for the benefit of our customers.”