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Investment Product and Service Launches

Vanguard expands Target Retirement lineup for youngest investors; LGIM America launches five mutual funds; State Street Global Advisors enhances ESG portfolio construction; and more. ....

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L&G unveils pension tracing and consolidation services

Firm says it is ‘retiring the clichés and reducing the complexities of retirement’
Legal & General Retail Retirement has expanded its retirement range by launching two services to help customers with their pensions.
The first is a ‘stand-alone’ tracing service to aid people track down lost or forgotten pensions, and the second is a consolidation solution, for those wanting to bring their various pots together with Legal & General.
Tracing service
With 1.6 million pension pots unclaimed, worth £19.4bn ($26.4bn, €21.5bn), Legal & General aims to address a growing customer need.
The tracing-only service will offer a ‘no-strings’ option, meaning customers have no obligation to buy a product once tracing is complete. ....

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