Prudential has launched two new investment products aimed at providing people with inflation-beating returns, it has announced.
According to the firm, the investment account - the Prudential Diversified Growth Fund and the Prudential Defensive Fund - are targeted at providing people with a return the equivalent of the consumer price index plus four and ten per cent respectively.
Martyn Bogira, director of defined contribution solutions at Prudential, said: "We believe that investing in more diverse funds rather than being wholly dependent upon the equity markets will more closely match our customers' risk profiles and reduce overall volatility of investment returns."
More diverse investment accounts mean that people have access to whichever sector is offering the best value return at the time, he added.
Last week, a study carried out by YouGov and financial firm Edward Jones found that people in the UK are not saving enough for their retirement because of the increase in living costs.
Prudential launches two new investment funds
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Prudential launches two new investment funds
Tue, 10 Jun 2008
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