LV= has launched three new ISA options, offering savers an alternative for their savings following record interest rate cuts.
They have been designed to appeal to a range of investors according to their individual needs and the amount of risk they are prepared to take.
The LV= Diversified Income ISA fund will invest in a broad range of equity, fixed interest and alternative investment funds, and aims to produce income and potential for growth over the long-term.
LV= Balanced Managed ISA fund is invested in equity and fixed interest funds and is aimed at delivering long-term capital growth for investors who are prepared to accept a greater level of risk.
Meanwhile, the LV= Stockmarket ISA fund invests heavily in UK and global equity funds, with the aim of generating long-term capital growth, for investors who are prepared to accept a greater level of risk than the other two funds.
LVAM's fund management team will monitor the three portfolios to ensure they are performing according to each fund's objectives. It will also make changes to the asset allocation within each fund in response to the changing investment outlook.
Tom Caddick, LVAM head of multi-manager, says: "While it is impossible to say if markets have passed the rock bottom point yet, I am confident that we will look back at 2009 as a time of great opportunity for those willing to take a long-term view.
"The approach that LV= takes in managing funds - staying properly diversified to spread risk, focusing on fundamentals, and taking a long-term view - is now more than ever the right thing to do."
All three new ISA options are available through advisers. The initial charge for investors is 5% with a 1% AMC. Minimum investment is £100 monthly or a lump sum of £1,000.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till