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The funds are being distributed through Lighthouse Capital an independent UK financial advice and wealth management group, and will be managed by LVAM’s multi manager & fund selection team, headed by Tom Caddick.

Lighthouse Group will offer the funds to investors who are deemed to have mid-range risk profiles (specifically between four and seven) by Dynamic Planner, the psychometric risk profiling tool used by Lighthouse Group advisers.

The TER of the four funds at launch will be circa 1.8 per cent.

Tom Caddick, head of multi manager and fund selection, said: "This is a very positive step forward for our broader retail asset management plans.

"We're pleased to be launching these funds with Lighthouse today and look forward to working closely with Lighthouse Group in the future."

Allan Rosengren, joint chief executive of Lighthouse Group, added: "These four funds will prove to be excellent additions to our advisers’ product offering.

"We place a great deal of value on our independence and ability to offer clients choice so we look forward to working with LV= in their continued development of this area of their business."