The company said the decision to increase the scope of the underlying investments was taken after a comprehensive review of two if its regular premium savings products, Paragon and Quantum, and its regular premium product, LifePlan.
It has decided to add a further nine fund managers across the three products including Investec, Neptune and HSBC to the Quantum and Paragon products and Natixis, UBS and Selector to the LifePlan product.
Royal London has also added nine new sectors across the three products including the Fixed Interest Asia, Specialist and Islamic sectors for the Quantum and Paragon products and the Absolute Return, Fixed Interest Emerging Markets, Fixed Interest Europe and Islamic sectors for the LifePlan product.
Additional currency variants have also been approved for the majority of the existing funds, meaning many now come with two or more currency alternatives, said Royal London.
Natalie Dutton, head of marketing at Royal London: “The addition of currency variants within existing funds means it will now be much easier for IFAs and their clients to mitigate currency risk by matching fund currency to policy currency.
“I believe this fund review will prove popular with IFAs and investors, and only strengthens our investment proposition.”
