James Hay add Aegon, Fidelity, M&G and Morley Funds to Wrap Platform

26 March 2007

Press Release

James Hay has added 13 new funds from Aegon, Fidelity, M&G and Morley to its Wrap platform.

The total number of funds available on James Hay Wrap is now 1,137 from 48 different providers.

Seven of the Funds are from Morley - the fund management arm of Norwich Union. This includes the highly acclaimed Norwich UK Special Situations Fund, managed by star fund manager Andy Brough⁽¹⁾.

New Funds available on James Hay's Wrap Platform

Fund	Sector
Aegon Ethical Cautious Managed	Cautious Managed
Aegon UK Opportunities	UK All Companies
Aegon UK Cautious Managed	Cautious Managed
Fidelity Multi Asset Strategic	Cautious Managed
M& G Cautious Multi-Asset Fund	Cautious Managed
M& G Optimal Income Fund	UK Other Bond
Norwich Global Property	Global Equities
Norwich UK Special Situations	UK All Companies
Norwich UK Growth & Value	UK All Companies
Norwich UK Income Opportunities	UK Equity Income
Norwich Monthly Income	UK Corporate Bond
Norwich Managed High Income	UK Other Bond
Norwich UK Focus	UK All Companies

Three newly launched funds from Aegon Asset Management, the fund management division of Dutch insurer Aegon, will also become available on James Hay Wrap. This includes the UK's first ethical cautious managed fund.

The recently launched Fidelity Multi-Asset Strategic Fund is an "all terrain" multi-manager fund that invests in Fidelity's existing fund range. Fidelity is the UK's largest retail asset manager⁽²⁾.

The M&G Cautious Multi-Asset fund is managed by Citywire AAA rated fund manager David Jane⁽³⁾, while the M&G Optimal Income Fund will take full advantage of greater flexibility available under UCITS III 'wider powers' regulations providing access to a wider range of fixed income asset classes as well as a variety of more sophisticated investment instruments such as derivatives.

Shaun Sandiford, Regional Director, James Hay, said: "We are delighted to offer intermediaries access to these excellent funds from some of the finest minds in asset management.

"These funds offer intermediaries and their clients a wide range of actively managed investment strategies - ethical, global REIT, multi-manager - to name but a few. This demonstrates our ongoing commitment to providing a whole of market proposition through our wrap platform to our intermediary partners."

Investors using James Hay Wrap can now choose retail and institutional funds, OEICS (Open Ended Investment Companies) and Unit Trusts at competitive and preferential terms. Together, the James Hay SIPP and Wrap businesses have over £11 billion under administration.

- Ends -

For media use only and not to be relied on by consumers to make financial decisions.

Notes to Editors

1) Andy Brough is fund manager at Schroders

2) Source: Investment Management Association, January 2007

3) Source: Citywire, at 28 February 2007

AEGON Asset Management

AEGON Asset Management UK's assets under management totalled more than £40.4 billion*. The company's activities are divided into three business areas, Institutional Business, Insured Business and Retail-Fund Business. (*Source: AEGON Asset Management as at 31 December 2006).

Fidelity International

Fidelity International Limited (FIL) and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US. The FIL Organisation manages a total of £140.9 billion of assets (Source: Investment Management Association, January 2007).

M&G

M&G launched the UK's first unit trust in 1931 and has continued this history of innovation over the past 75 years. M&G offers investors a range of over 40 funds available as an ISA or unit trust/OEIC across three asset classes - equities, bonds and property.

Morley Fund Management

Morley is a London-based asset management business wholly owned by Aviva plc, one of the world's largest financial services groups. Morley is one of the UK's largest active fund managers. In Europe, it is one of the biggest property investment managers with £30billion / _44billion of property assets under management. Morley group companies have assets of £166 billion / _246 billion under management. All figures as at end December 2006 unless otherwise stated.