Wealth management platform Moneybox has partnered with Amundi to bolster its wealth proposition with the launch of three new funds.

The funds were developed in partnership with Amundi and are available to pension customers.

They are designed to support customers in growing their retirement savings though a simplified managed investment solution.

Moneybox said the partnership brought together its customer-led product design with Amundi’s capabilities in multi-asset investing and exchange-traded fund (ETF) management.

Investment Fund Services Limited (IFSL), which is part of the Marlborough Group, will act as the authorised corporate director (ACD) for the funds.

The three funds have been created to offer customers a choice of risk and return profiles depending on their life stage.

The IFSL Moneybox Cautious Fund is aimed at those closer to retirement age with its low risk and lower potential returns model.

The IFSL Moneybox Balanced Fund is targeted at people starting to approach retirement age with its medium risk model with a similar mix of growth and stability.

The IFSL Moneybox Adventurous Fund is higher risk with higher potential returns, and is aimed at those further away from retirement age.

Moneybox will introduce two of the new funds as a default investment option for pension customers.

Customers under the age of 50 will default into the IFSL Moneybox Adventurous Fund and those aged 50 and over will default into the IFSL Moneybox Balanced Fund.

The multi-asset funds are designed to deliver long-term growth through diversified exposure to equities, bonds, and commodities.

“Our mission is to give everyone the means to get more out of life – whether they’re saving and investing, buying their first home, or planning for retirement,” commented Moneybox co-founder, Charlie Mortimer.

“The launch of the Moneybox funds marks a major milestone in our ambition to become a lifelong wealth partner to millions across the UK.”

Amundi UK CEO, Eric Bramoullé, added: “At Amundi we work to give more people access to high quality investments to help them secure their financial future.

“We are proud to partner with Moneybox to bring Amundi’s leadership in multi-asset and ETF capabilities to UK retirement savers, drawing on the extensive expertise of our investment team in designing tailor-made solutions.

“Together we can make saving simpler, more accessible and more cost efficient for Moneybox’s customers. This strategic collaboration underscores Amundi’s long-term commitment to the UK market and digital wealth as well as the critical importance we place on delivering better retirement outcomes.”

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