Vanguard plans product range expansion ahead of pension freedoms

Anna Fedorova
clock

Vanguard Asset Management is to expand its range of passive products for the retirement market after the introduction of pension freedoms detailed in this year's Budget.

The newly introduced pension freedoms mean that from 6 April, pensioners will be able to sell their annuities and reinvest the cash in other vehicles, while those about to retire will have a wider range of investment choices for their pension pots. Vanguard is planning to take advantage of this, as well as the shift away from defined benefit (DB) to defined contribution (DC) pension schemes in the UK, by launching products that cater to this part of the market. The firm is working on ‘glide path’ investment products, which become more conservative as the investor moves closer to retir...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Pensions

Trustpilot