Prudential is launching a suite of money purchase occupational pension schemes offering an expanded ...
Prudential is launching a suite of money purchase occupational pension schemes offering an expanded range of third party fund links in the fourth quarter.
The launch will follow on from the planned inclusion of additional third party links on its unit-linked Prudence Bond and Prudence Managed Investment Bond in the third quarter.
Martyn Bogira, worksite sales director, said the pricing structure is still being finalised but will include a flexible range of options.
The corporate pension range has offered third party links to products managed by Barclays Global Investors and Deutsche Asset Management since 2001.
Additional fund links will be from a range of fund managers and enable investors to diversify by manager, risk profile and growth and value strategies.
'People want the comfort of being able to diversify by manager as well as asset class, so we are looking to add another three managers and put in a manager of managers as well,' Bogira said.
The products pay no commission, but Bogira believes the offering will be differentiated by Prudential's commitment to worksite communications, informing staff about the products.
The group's personal pension and Prudence bond ranges offer third party links to M&G, Invesco Perpetual, Deutsche and Newton funds.
Stuart Meiklejohn, Prudential's head of investment proposition, said further funds from the latter three will be added in the third quarter.
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