Friends Life mulls multi-asset offering for platform launch

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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...

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