JLT Investment Solutions launches growth fund

JLT Investment Solutions has launched a growth fund.

The JLT Growth Fund will have an objective to outperform cash plus 4% after fees and with less volatility than equities.

It can be used as a default fund for defined contribution (DC) pension schemes and will also be available via group personal pension (GPP) platforms.

JLT expects employers to start using the growth fund from early summer 2012.

Peter Ball, managing director at JLT Investment Solutions, said: “This is the next stage in our development. Providing employers with a fund range that can meet their needs for growth at a low cost is an essential part of our plan of growth for our investment business.

“JLT was the pioneer of diversified growth funds (DGF) back in 2005, and this fund represents our very best thinking today, moving the DGF market forward again.

“By using our asset allocation ideas combined with our top manager picks from our manager research team, this creates a fund that is ideal for the growth allocation of a [defined benefit pension] scheme.”

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