Friends to give access to its Fofs

Friends Provident is to allow existing group pensions business to access its multi-manager offering ...

Friends Provident is to allow existing group pensions business to access its multi-manager offering launched last year. Until now, the Activ range, consisting of three funds of funds (Fofs), a series of managed portfolios run according to Lipper benchmarks and a range of trackers, has only been available to new business. The life office has also opened 28 further funds to existing policyholders on its New Generation corporate pension range. Funds available include Fidelity Special Situations and Baillie Gifford International.