Aviva launches Shariah investment strategy
Aviva has launched a “Shariah investment strategy” that includes a suite of funds compliant with Islamic principles.
The new lifestyle investment strategy will build on Aviva’s existing Shariah offering by providing its workplace pension members with a universal de-risking option and a target drawdown glide path.
Aviva said this would offer members greater options as they approach retirement.
Islamic investment principles will be built into the funds, while automated de-risking will ensure the appropriate amount of risk is taken throughout the pension journey, Aviva said.
The new range of funds has been created using HSBC asset management (HSBC AM) funds and is available for members to self-select.
Aviva workplace investment…
