US fund management firm Vanguard Group is to join the Association of British Insurers . Fund managers are looking to tap into the UK retirement savings market following a change in the UK 's pension rules , which allows pensions savers to opt to invest in funds rather than buying an annuity . Vanguard is becoming a member of the ABI’s new investment platform grouping, the ABI said in a statement, joining British platform Hargreaves Lansdown (HRGV.L). Vanguard has $ 5.1tn in assets under management .
US fund management firm Vanguard Group is to join the Association of British Insurers . Fund managers are looking to tap into the UK retirement savings market following a change in the UK 's pension rules , which allows pensions savers to opt to invest in funds rather than buying an annuity . Vanguard has $ 5.1tn in assets under management .