Zurich UK Life is to boost its investment proposition for advisers with the launch of an authorised corporate director (ACD) service, which will allow it to launch own-branded funds managed by a number of external partners.
The group will unveil its first range of funds in Q1 through ACD arm Zurich Investment Services UK (ZISUK), subject to regulatory approval. ZISUK will not directly run funds but will be a multi-manager ACD, selecting the best partner for each fund or range of portfolios. The funds will initially be marketed through adviser channels, but could eventually be rolled out to the corporate side of the business. Chicago-based Northern Trust, with assets of $5.9trn at the end of September 2014, will provide transfer agency, fund accounting, custody, and depositary services for ZISUK. The ...
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