Aberdeen launches ‘low-cost’ multi-asset range

Aberdeen launches ‘low-cost’ multi-asset range

Aberdeen has launched four multi-asset funds which it claimed would act as a low cost option for the pension freedoms market.

The company said its four funds would range in volatility from a reading of 2 on the Synthetic Risk and Reward Indicator to 5 for the most aggressive fund.

Aberdeen’s investment solutions team will run the range and will invest in passive funds, enhanced index funds and actively managed products.

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The most cautious fund will have an ongoing charge figure of 0.5 per cent while the other three will be priced at 0.6 per cent.

The funds offer an “alternative, depending on risk appetite, to the traditional annuity purchase,” the group said.

Steven Nicholls, head of defined contribution at Aberdeen Asset Management, said: “The pension reforms which primarily bring more flexibility and freedom to post-retirement investing also act as an important reminder of the need to start a pension as early as possible and to make sufficient contributions.

“These four multi-asset funds have been launched to offer low cost solutions to individuals’ retirement objectives.”

IA sectorOCF (%)
Aberdeen Multi-Asset ConservativeUnclassified0.5
Aberdeen Multi-Asset Growth 1Mixed Investment 0-35% Shares0.6
Aberdeen Multi-Asset Growth 2Mixed Investment 20-60% Shares0.6
Aberdeen Multi-Asset Growth 3Mixed Investment 40-85% Shares0.6