Zurich launches new Target Date Funds investment proposition
London, August 1, 2017
Zurich’s International business (Zurich International) today announces the launch of Target Date Funds (TDFs), further enhancing the investment proposition available with its award winning International Pension Plan (IPP), and International Corporate Investment Plan (ICIP).
Zurich International believes it is the first financial services group to offer a US Dollar TDF solution in the International Pensions & Savings market. With their focus on simplicity, value for money and positive retirement outcomes as well as a one-stop investment solution for employees, TDFs could be the ideal default investment solution for employers.
Designed to support the provider’s existing comprehensive range of investment options, Zurich International’s TDFs exclusively combine the global strength and experience of Zurich with the independent expertise of Morningstar Investment Management Europe Ltd (Morningstar) to remove any provider bias.
By appointing a fully independent asset manager and incorporating an open architecture approach, the structure allows Morningstar to select from the full universe of offshore funds including both active and passive strategies.
TDFs are available to all Zurich IPP & ICIP clients at a highly competitive cost of 0.55%, maintaining Zurich’s commitment to providing innovative investment solutions at an attractive and fair price.
Glen Cochrane, Head of Investment Proposition for Zurich International Corporate Savings (ZICS) said: “The launch of this product further exemplifies our ability to deliver high-quality investment solutions at an attractive price that meet the changing needs of customers”.