pre-set investment portfolio

212a combination of investments which is selected by a firm and offered to its clients as a single investment option, for example, a default arrangement in a qualifying scheme, a drawdown pension investment pathway, or a ready-made investment portfolio, but not including a default arrangement in a qualifying scheme comprising:

1. (a) assets which make up less than 10% of the total assets held by a firm within default arrangements in qualifying schemes; or
1. (b) assets which are under £100m in value.