Life Trust launches new cash fund

Life Trust has announced the introduction of the LT Henderson Liquid Assets Fund for investors in its Longevity Income Plan (LIP).

The new cash fund comes in response to IFA requests in the face of the recent stock market volatility and offers investors an investment that is protected from the vagaries of the market.

The LIP is a long term investment specifically designed to provide a rising income the longer a planholder lives.

The LT Henderson Liquid Assets Fund is a unit trust primarily investing in short term deposits, certificates of deposit and other money market instruments in the UK. The fund provides a good return for more risk-averse investors and maintains security and liquidity by investing in money market instruments with certain minimum short term ratings and a duration of less than 12 months. Moody’s and Fitch have both awarded it their highest ratings for funds of this kind.

Life Trust is the first financial services company specifically dedicated to tackling the financial issues associated with increasing longevity and launched its innovative first product, the Longevity Income Plan, at the beginning of January.

Andy Briscoe, CEO, Life Trust, said: “With the current market volatility IFAs have told us that some clients are looking for a safer alternative to equity investments. The cash fund from Henderson is a well-performing and safe fund that will give piece of mind to our more risk-averse investors during the ongoing market difficulties.”

Kate O’Neill, Director of European Distribution & Hedge Funds, Henderson Global Investors, added: “This is the second fund that we have offered to investors in the Longevity Income Plan and we are delighted to be able to support Life Trust in responding quickly to market changes. The fund offers Life Trust’s planholders security, liquidity and the foundation for solid long-term returns.”