Lifeplan Funds Management has upgraded two of its key products.
The company announced it had upgraded its NextGen Investments and Lifeplan Education Investment Fund investment products as part of a move to comply with the new Future of Financial Advice (FOFA) regulatory environment.
As well, it said the NextGen bond would offer a new and strengthened menu of investment options for advisers and their clients.
Commenting on the move, Lifeplan head Matthew Walsh said the business saw the changing regulatory environment as an opportunity to review and enhance the product, including its investment option menus.
"Although FOFA has been delayed, we want to give advisers time to adjust and help them transition to fee-for-service before it comes into effect on 1 July 2013," he said.
"Feedback from advisers shows that they are already moving to introduce client strategies that are intended to comply with FOFA regulations."
