Willis offers TAA advice to Danes
Benefit consultant Willis Denmark has signed an agreement with Alfred Berg and ABN Amro Asset Management in a move that gives its unit-linked clients access to tactical and strategic asset allocation. Willis says the agreement is designed to offer a more comprehensive and sophisticated product.
Jorgen Leschly, head of funds and investment, says: “ABN Amro and Alfred Berg will not determine which funds will be used in unit-linked plans, they will only determine the benchmarks and the strategic and tactical asset allocations according to a specific risk level.”
Willis is also extending its existing agreement with Jesper Kirstein’s advisory company Kirstein Finansradgivning which offers fund ratings. Henceforth, Kirstein will offer fund selection recommendations, based on the prescribed benchmark and risk levels.
The move makes it one of the few Danish companies offering manager selection, monitoring and advice on risk levels and strategic and tactical allocation.
Willis has also recruited Hans Henrik Bloksgaard from Mercers to market and promote the new package, while Jorgen Svendsen has joined from PFA as head of actuarial finance.