THE FUND ranges of three of its regular premium products have been increased by Royal London 360°.

The increase follows a comprehensive review of the two regular premium savings products - Paragon and Quantum - and the regular premium protection product, LifePlan.  

In addition, nine new fund managers and seven new sectors have been added across the three ranges. Additional currency variants have also been approved for the majority of the existing funds, meaning many now come with two or more currency alternatives.

The changes will give IFAs greater flexibility when tailoring their clients’ fund choices to meet differing risk profiles, as well as target specific savings or protection goals.   

Volatility is a key aspect which is taken into consideration with LifePlan, and which limits the funds that are made available to invest in through this product. Due to LifePlan being designed to provide protection benefits on a long-term basis, the addition of a significantly volatile fund could impact upon its ability to do that. The wider fund sectors available in the range help to increase investor choice.  

Quantum funds are available to investors in four currency variants – Swiss Francs, Euros, US Dollars and Sterling; Paragon and LifePlan are available to investors in three currency variants – Euros, US Dollars and Sterling.  

Natalie Dutton, Head of Marketing at Royal London 360°, said, “We regularly review our fund ranges to ensure our products remain current and competitive, offering clients the widest investment choice possible.

“For example, with Quantum and Paragon we have added Asian bond funds, three new currency/money market funds, four new Islamic funds, a Russian fund and one within the Equity MENA (Middle East and North Africa) sector. 

“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.”