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Advisory Committee Profile
Governance - what does it mean for investors?
In its widest sense, governance is the framework established to ensure decisions are taken in the best interests of investors. We want our customers and their advisers to be confident that key decisions are taken in the context of stated objectives - and in line with their expectations at the time they decide to invest with us.
Of course, for Scottish Life customers, ultimate control over the running of their pension assets rests with the board of Royal London. So how do we ensure that investors' best interests are met?
Investment Advisory Committee
We have established an Investment Advisory Committee (IAC), reporting into the Royal London board, whose remit covers every aspect of the running of our unit linked fund range. Critically, the committee operates independently of Royal London Asset Management (RLAM), who have day-to-day running of the Scottish Life funds.
Transparent decision-making
It is critical to us that this framework not only works in the best interests of our investors, but that it is seen to do so. Therefore, a summary of the proceedings of each committee meeting will be published as soon as possible following the meeting. The latest is available by visiting our Meeting Summaries page.
Governance is now rightly at the heart of the government's and regulator's agenda for the financial services industry. At Scottish Life, we have developed a framework that takes this issue seriously and that takes the necessary steps to deliver it now, ahead of general industry movement.
You can have full confidence that our funds will be reviewed regularly and open to external scrutiny, giving full transparency in the process.
Governance - at the core of everything we do
Published 16 April 2012
5W0103
