Zurich is to unveil an investment proposition, with Threadneedle the first to partner through a range of multi-asset funds.
The firm is launching the Zurich Horizon Investment Solutions multi-asset range for its platform, to be managed by Threadneedle fund manager Alex Lyle.
The range consists of five multi-asset funds and will have an annual management charge of 0.60 per cent.
There will be no minimum investment for the funds when accessed through the platform. They will have an ongoing charge figure of between 0.81 per cent and 0.88 per cent.
Lyle already manages several of Threadneedle’s multi-asset funds, including the £996m Threadneedle Equity & Bond fund.
The Zurich Horizon Investment Solutions funds will be be risk profiled in order to address the FCA’s concerns over suitability and ‘shoehorning’.
Zurich Life chief executive Gary Shaughnessy says: “Zurich Horizon Investment Solutions is all about simplifying and streamlining the investment selection process and delivering outcomes that advisers and their clients expect.
“We know that the complexity of investments can be a barrier for new clients to enter the market so it is essential that providers introduce solutions that make the discussion about fund selection and associated risks clearer and more straightforward to give customers real choice and peace-of-mind”.
Threadneedle chief executive Campbell Fleming says: “Multi-asset strategies are a significant proportion of our assets under management and we have a proven and consistent record of delivering excellent performance for our clients over the medium and long term.
“We are delighted to be working closely with Zurich on these new multi-asset funds. Threadneedle enjoys a long-term, strategic relationship with Zurich, which reflects our ability to deliver performance to meet investor needs. We look forward to continuing to support and develop this relationship.”