ABI overhauls life and pension fund sectors

The sectors, which contain more than 6,000 unit-linked life and pension funds, allow investors and advisers to make like-for-like comparisons based on funds’ asset allocation. The changes include different criteria for mixed asset fund sectors, including labels to highlight the equity exposure of managed fund sectors, three additional fixed interest fund sectors and additional sectors to keep pace with the growing number and diversity of property funds. The association has also introduced a flagging system to allow greater detail on sector sub-groupings, such as regional, than previously...