The funds are are aimed at the retirement and long term savings market and offer a range of risk profiles:

The company says that the funds use the Synthetic Risk and Reward Indicator (SRRI) targets to manage volatility and are based on a 5 year track record of historical data. Ranging from 2 at the most cautious (the Aberdeen Multi Asset Conservative Fund) up to 5 for the Aberdeen Multi Asset Growth 3 Fund for those willing to take more risk for a potentially higher return.

Aberdeen's Investment Solutions team will be responsible for managing the funds. The team will operate an active asset allocation policy that expresses both strategic and tactical views across the funds, says Aberdeen. The funds invest in passive, enhanced index and actively managed funds suitable for all types of long term investing regimes.

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Aberdeen says that the pension reforms that took effect on 6 April provide individuals with more freedom and flexibility at retirement. Aberdeen's range offers an alternative, depending on risk appetite, to the traditional annuity purchase. It may also be appropriate for individuals saving for their retirement.

Steven Nicholls, head of defined contribution at Aberdeen Asset Management, said: "The pension reforms which primarily bring more flexibility and freedom to post-retirement investing also act as an important reminder of the need to start a pension as early as possible and to make sufficient contributions. These four multi-asset funds have been launched to offer low cost solutions to individuals' retirement objectives."

Aberdeen manage assets of £323 billion on behalf of institutional and private investors.