VitalityInvest has added five actively-managed funds to its global multi-manager fund range and bolstered its adviser services with enhanced tools.
VitalityInvest unveiled multiple changes to its investment offering, including five actively-managed funds created in partnership with SEI, and adding partners to its Vitality Programme.
The aim, according to Justin Taurog, managing director of VitalityInvest, is to bring together transactional and fund solutions with benefits that encourage positive lifestyle behaviour across both finances and health.
The new global multi-manager funds are available exclusively through VitalityInvest’s Isa, Junior Isa and Retirement Plan and will sit alongside its existing fund range.
The funds use SEI’s institutional expertise on retail-oriented funds, with what VitalityInvest says will be a competitive price for advisers' clients.
The funds are based on SEI’s investment philosophy of building portfolios by accessing diverse skills including boutique investment houses and institutional managers not usually accessible by UK retail investors.
Fund range
Ongoing charges figure (OCF) Series F* | |
Global Multi-Manager 3 | 0.70% |
Global Multi-Manager 4 | 0.75% |
Global Multi-Manager 5 | 0.80% |
Global Multi-Manager 6 | 0.85% |
Global Multi-Manager 7 | 0.90% |
*Series F funds are available through VitalityInvest plans with Healthy Fee Saver
According to VitalityInvest, unlike some managed portfolio solutions and discretionary fund managers, the global multi-manager funds do not layer additional management charges, and the fund charge is unaffected by shifts in underlying holdings.
Mr Taurog added: “The way clients are preparing for later life, and their expectations for the sort of lifestyle they want to live when they retire, are dramatically different to that of only 10 years ago.
"It’s never been more important to save earlier and to take steps that will help you live longer in good health, and the range of initiatives launched today aim to support people to do just that."
Kevin Barr, head of SEI’s asset management distribution team, commented: “This relationship gives VitalityInvest investors access to SEI’s specialised team of 115 investment professionals, who have decades of experience in building manager-of-manager funds across asset classes, investment styles and geographies.”
VitalityInvest has also updated its Vitality Shared Value Invest Platform, bringing savings from partners such as Caffe Nero, Expedia and Virgin Atlantic.
In addition, Vitality launched Healthy Fee Saver, which provide lower product and fund charges from day one, with the opportunity to reduce product charges to zero when savers invested in Vitality funds reach platinum Vitality status and maintain positive lifestyle habits.
There have also been changes to its adviser hub to make it easier for advisers to track investment performance through new interactive statements, as well as produce regular compliant reports for clients.
simoney.kyriakou@ft.com
