Friends Life mulls multi-asset offering for platform launch

clock

Friends Life may offer multi-asset funds when it launches its retail platform in April next year, its chief executive has confirmed.

The life company yesterday announced an April 2015 launch date for the platform, which will offer customers ISA and investment accounts alongside flexible drawdown income products. The platform will be open architecture. The development of the platform comes after the government released details of wide-ranging pension reforms, designed to broaden the options available to pensioners other than annuities. Friends Life UK interim chief executive Andy Curran said the firm is in the process of understanding what the client needs, and is considering multi-asset or multi-manager style funds...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Bravura returns to profitability in H1 amid business 'reset'

Bravura returns to profitability in H1 amid business 'reset'

Platform technology provider gross revenues up 7.4% in first half

Jenna Brown
clock 20 February 2024 • 1 min read
So far, so bleak: Incumbent platforms' miserable year

So far, so bleak: Incumbent platforms' miserable year

'There are firms that are trying to buck the trend'

Alex Cowan-Sanluis
clock 14 February 2024 • 4 min read
Advised platforms record highest ever outflows in 2023

Advised platforms record highest ever outflows in 2023

Record outflows plague advised platforms in 2023

Sahar Nazir
clock 06 February 2024 • 2 min read