ABN Amro's UK Lifecycle funds receive green light from the FSA

ABN Amro has received approval from the FSA to run its six-strong range of Capital Protected Lifecycle funds in the UK market. Designed to offer clients a risk-averse option to meet future financial commitments, the funds will all have differing life spans with the maturity date segmented over five-year periods from 2010 to 2035. As each fund approaches its maturity date, the underlying investments will reduce in risk in order to protect the portfolio, moving into cash, fixed interest and equity index derivatives. This means asset allocation varies for each vehicle - for example, the 2010 ...