A relevant and closely monitored investment strategy is essential for any pension. It’s especially important for defined benefit schemes where there is a commitment to offering staff a guaranteed level of benefit.

At Scottish Life, we understand the special investment issues surrounding defined benefit schemes and can help build a bespoke investment strategy that can help to improve investment returns and the management of scheme risks.

Firstly, we offer what we call Managed Strategies for Defined Benefit. This is a liability-driven investment profiling method which helps trustees and their advisers create an efficient investment asset allocation strategy driven by the scheme's actual liabilities and the trustees' attitude to risk over time. We offer this at extra cost as part of our range of enhanced services through Royal London Corporate Pension Services Limited, a wholly owned subsidiary of Royal London. This service does not require any assets to be invested with us; rather it is a service which creates a strategy which can apply wherever trustees hold their scheme's assets.

Secondly, we offer a competitively priced range of investment funds which enjoy a robust and transparent governance process designed to help trustees meet their obligations to their members. This range is available through an insured Trustee Investment Plan, provided by Royal London Mutual Insurance Society Limited. Within this we have created a range of efficient portfolios and asset allocation strategies which we call Managed Strategies. Managed Strategies and Managed Strategies for Defined Benefit combine together to create a powerful investment solution for trustees and their advisers, taking into account not only risk levels but also investment term and governance.