Following recent improvements to the ABI’s sector classification system for life and pension funds, a new online resource has been launched to help consumers and financial advisers identify funds with similar investment strategies.

The web site, produced in conjunction with fund data provider Financial Express, can be accessed via the ABI home page, www.abi.org.uk.

Maggie Craig, the ABI’s Director of Life and Savings, said:

“The revised ABI Sectors have improved the way in which funds are classified and will help investors and their advisers to identify similar funds. The new web site provides a definitive list of comparable funds and is a positive move for advisers and investors.”

Notes

1.            Enquiries to:       

         Alan Leaman    020 7216 7440 (Mobile: 07957 482 330)

         Jonathan French   020 7216 7392 (Mobile: 07958 330 480)

         Malcolm Tarling    020 7216 7410 (Mobile: 07776 147 667)

         Erfan Hussain       020 7216 7411 (Mobile: 07712 841 184)

         Kelly Ostler-Coyle   020 7216 7415 (Mobile: 07968 364 302)      

2.           The ABI Sectors web tool can be accessed via www.abi.org.uk/fundsectors.

3.            The ABI is the trade association for Britain’s insurance industry. Its nearly 400 member companies provide over 94% of the insurance business in the UK. It represents insurance companies to the Government, and to the regulatory and other agencies, and is an influential voice on public policy and financial services issues. ABI member companies hold up to a sixth of all investments traded on the London Stock Exchange, on behalf of millions of pensioners and savers.

4.            An ISDN line is available for broadcasts.