Invesco's corporate stakeholder scheme will allow clients to plan lifestyle strategies across funds ...
Invesco's corporate stakeholder scheme will allow clients to plan lifestyle strategies across funds from five external management groups at no extra charge, writes David Griffiths.
The group has a total of 43 external fund links from Deutsche, Morley, Schroders, Threadneedle and Barclays Global Investors as well as access to in-house portfolios.
David Butcher, chief executive of Invesco Pensions, believes the group is alone in offering this service to its customers.
Under the multi-manager choice schemes corporate plan sponsors can select their own investment options including lifestyle and default options using any of the different fund managers on offer.
Butcher said: "Multi-manager choice has to be about real choice. Customers want a wide selection of actively managed funds from leading investment groups. Our approach is to give our customers a menu of options from which they can select the funds and lifestyle options that best suit them.
"What we are not going to do is lock people into our funds because we are worried about dips in performance. At Invesco we will stand and fall by our own investment performance record."
Merrill Lynch Investment Managers has also added Threadneedle fund links to its defined contribution pensions vehicle. In a separate move Threadneedle Pensions has appointed Scottish Life Administration Services to run the administration for its own defined contribution offering.
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