MetLife portfolios attract £200m

MetLife’s managed wealth portfolios have attracted £200m in the three months since their launch.

The three Blackrock-managed portfolios introduced annual unlimited lock-ins of potential gains on its range of capital and income guarantee products and offer an enhanced annual deferred income increase of four per cent on its income guaranteed products.

The funds offer equity exposures of 50, 60 and 70 per cent, varying depending on market conditions.

Article continues after advert

Minimum guarantee terms start from 10 years.

Guarantee charges on the enhanced product start from 0.4 per cent a year and product charges from 0.35 per cent a year.