Openwork is expanding its investment proposition, Omnis, in a move that will see the business launch a number of multi-asset model portfolios and a fund of passive funds range.
Subject to Financial Service Authority (FSA) approvals, the expansion, due in the second quarter, will see Omnis roll out two new ranges of risk-rated outsourcing solutions, with underlying funds managed by asset managers including Jupiter, Schroders and The Boston Company (BNY Mellon). Omnis will launch across major asset classes a number of funds that will be blended together to create three model portfolios - cautious, balanced and adventurous - with asset allocation provided centrally by Omnis. New underlying funds will include a UK equities fund managed by Schroders, a US equitie...
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