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Media > Investment for Media > Our Proposition > Managed Strategies > The Fund Matrix
The Fund Matrix
At Scottish Life, we believe that the choice of investment fund in a pension plan, whether in isolation, as part of a portfolio of funds or even as part of a Retirement Investment Strategy (RIS) is one of the most important decisions that our clients will ever make. We also firmly believe whatever fund choice our clients make today should continue to meet their expectations right up until the day they retire. This is why we have designed an innovative external fund offering around this concept. Its called the Managed Strategies Fund Matrix and here's how it works:
Defining risk
When it comes to risk, we are all different. Everybody has their own limit to the amount of risk they like to take. Some of us like to take as little risk as possible, others like to throw caution to the wind and take a bit more of a gamble. When it comes to fund choice it's no different.
That's why the Matrix has been designed with three clearly defined risk categories. These categories are based on the tracking error of a fund against a set benchmark which, in turn, is based on the investment style and geographical area of the particular fund. The three risk categories within the Matrix are defined as follows, so you know exactly how much risk you are taking:
- Core - where the fund's annualised performance will be expected to track the benchmark index within 1% over 36 monthly rolling periods.
- Core Plus - where the fund's annualised performance will be expected to broadly track the benchmark index within a range of 1-5% over 36 monthly rolling periods.
- Specialist - where the fund's annualised performance will have a looser relationship with the benchmark and track with a range of greater than 5% over 36 monthly rolling periods.
Ongoing suitability
Ongoing suitability
At Scottish Life we have taken steps to ensure that any fund selected from our Matrix fund range will continue to behave the same way in the future as it did on day one. As a result, all of the funds within the Matrix are continuously monitored by our Investment Advisory Committee (IAC). The committee will monitor all of the funds within the Matrix to ensure they do not consistently deviate from their set risk profiles. One of the most important outcomes from this monitoring is that the committee may decide to replace an underlying fund within the range. If the committee did call for the replacement of an underlying fund within the Matrix, a strict procedure is followed. For information on this procedure and the committee's monitoring process please visit our What does the committee do? page.
If you would like to find out about the procedures and the processes surrounding the Matrix please view our Matrix Investor Guide. Further information on any of the individual funds that populate the Matrix can be found by selecting the fund of your choice in the grid below.
| Core (<1%) | Core Plus (1-5%) | Specialist (>5%) | |
|---|---|---|---|
| UK Equity | Close TEAMS UK Equity 1% | Artemis Special Situations | |
| UK Income |
| ||
| UK Mid Cap |
|
| |
| UK Small Cap |
|
| |
| Global Managed Equity | Close TEAMS Global Equity 1% | Invesco Perpetual International Equity | |
| Europe | |||
| US | |||
| Japan |
| ||
| Asia Pacific | |||
| Emerging Markets |
| Gartmore Emerging Markets Opportunities |
Important Information
Prices can go down as well as up. Investment returns may fluctuate and are not guaranteed.
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Scottish Life is a division of Royal London and markets products produced by Royal London. Royal London consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited provides life and pension products, is a member of the Association of British Insurers and is authorised and regulated by the Financial Services Authority, registration number 117672. Royal London Marketing Limited acts as an insurance intermediary for general insurance products and is authorised and regulated by the Financial Services Authority, registration number 302391.
