The funds have total assets under management of £534m.
In a statement from Zurich, responding to the media reports, a representative said: "We regularly work with third parties to review the makeup of our business to ensure it fits with our strategy, and that individual parts are best structured to serve their respective customers and our distribution partners.
"We do not comment on the specifics of these reviews or speculation around them. We remain fully committed to supporting financial advisers and their clients."
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