Close Brothers launches default pension investment funds with Scottish Widows

Financial services provider Close Brothers Asset Management (CBAM) has launched a range of default investment funds in partnership with Scottish Widows.  

The SW Close Governed Portfolio Funds range builds on CBAM’s existing corporate pension products, with the aim of making workplace pension investing as simple and as affordable as possible.

All five funds in the range are multi-asset and risk-rated with ongoing professional oversight and asset allocation review, with any changes to the asset mix made swiftly and efficiently.

CBAM also offers institutional quality governance. A governance committee, which includes an independent chairman and an independent member, regularly reviews all aspects of the funds.

Charles Gillespie, head of corporate advice at CBAM (pictured), said: “The introduction of auto-enrolment has meant that more employers are now actively searching for experienced investment managers with a proven track record of managing pension mandates.

“These new funds enable us to capture a portion of that large and growing market.”