In total, 43 funds will be available through Invesco’s defined contribution products including those from:
- Deutsche Asset Management
- Morley Fund Management
- Schroder Pensions
- Threadneedle Pensions
- Index tracking funds from Barclays Global Investors
The firm says it will not charge additional fees for customers to invest in rival funds.
In addition to its defined contribution products, which include occupational defined contribution schemes and group personal pensions, Invesco plans to launch a corporate stakeholder product with a choice of 32 funds, including those of rival managers.