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Widows portfolio deal has access to 59 funds

Scottish Widows is setting up an investment portfolio of internally and externally managed funds available across its range of unit-linked life and pension products. The Investment Solutions range gives Widows investors access to 59 funds from 11 external managers, including Fidelity, Merrill Lynch, Newton, Invesco Perpetual, Threadneedle, Deutsche Asset Management, Schroders, JP Morgan Fleming, Gartmore, Artemis and SG Asset Management.

The portfolio covers the main assets classes from bonds to equities. Funds available range from UK smaller companies to US smaller companies and include specialist funds such as Schroder Medical Discovery. Investors also have access to 19 internal funds.

Widows first introduced a range of seven externally managed funds two years ago with the launch of its balanced managed portfolio.

The annual management charges on the new portfolio range from 0.3 per cent to 0.95 per cent.

Head of IFA and international marketing Alan Whiting says: “Investment solutions gives IFAs and their clients the power to select investments across a broad range of asset classes and management styles, philosophies and processes from some of the leading investment houses. Scottish Widows recognises that if IFAs are to meet the demands of the more sophisticated consumers of today, they need to offer even higher quality products from their chosen providers.”


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