Friends Provident launches lifetime investment programme

The life and pensions firm says the alternative lifetime investment programme offered a "middle way" to investors looking to take a more active role in their pension investments decisions - rather than simply accepting the default fund option. The lifetime investment programme allows investors to choose a pre-determined investment schedule throughout the life of the plan. Friends Provident fund strategy and selection group manager Lillian Goldthwaite says: "The introduction of lifetime investment programmes and the changes we're making bring greater flexibility to our investment progr...