Zurich and Threadneedle team up for multi-asset launch

Zurich has launched a range of five risk-rated portfolios for its platform clients, to be managed by Threadneedle’s Alex Lyle.

The funds form part of Zurich Horizon Investment Solutions, a new proposition set up by the life insurance company to package third party funds for its clients.

The five multi-asset funds run by Threadneedle have ongoing charges of between 0.81 per cent and 0.88 per cent. The risk levels and asset allocation is set by eValue.

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Zurich UK Life chief executive Gary Shaughnessy said: “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 was originally owned by Zurich, and was a product of the Swiss life insurer’s purchase of Allied Dunbar and Eagle Star. Threadneedle was sold to Ameriprise, the company behind American Express, in 2003.