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Scottish Life adds Brewin Dolphin to DFM panel on Pension Portfolio
26 November 2009
Scottish Life, the pensions specialist arm of the Royal London Group, has added Brewin Dolphin to their panel of discretionary fund managers (DFM), available as part of the self investment options within Pension Portfolio.
Samantha Scotland, Technical & Research Manager at Scottish Life, said:
"It's important that we offer access to a diverse and competitive range of investment options for IFAs and their clients. So we regularly review our investment offering and as a part of this a number of IFAs made a particular request to add Brewin Dolphin to our DFM panel.
"Some investors want the flexibility to invest part of their pensions savings directly in a range of investments, but don't want to the added responsibility of selecting and monitoring investments. The DFM Option gives them access to specialist fund managers who provide a professional investment service, taking the responsibility for the investments in the portfolio."
James Brooks, Head of Business Distribution at Brewin Dolphin, commented:
"Brewin Dolphin welcomes the opportunity to support Scottish Life's intermediaries and clients with our award winning Discretionary Service.
"Brewin Dolphin believes that the right Discretionary Manager can help further strengthen Scottish Life's position by offering an even greater choice to clients with a pension management service that is specifically designed to suit each individual."
Brewin Dolphin joins Cazenove Capital Management, Deutsche Bank Private Wealth Management and Rathbones on the Scottish Life panel.
The discretionary managers augment the Pension Portfolio proposition by carrying out the investment research function and providing a portfolio management service, which in turn enables advisers to focus on the financial planning needs of their customers.
- ENDS -
For further information please contact:
Scottish Life
Alasdair Buchanan, Head of Communications
0131 456 7133
Polhill Communications
Sally Biggs
020 7655 0520
Editor's Notes:
Brewin Dolphin
The Group manages over £17 billion of funds for over 130,000 private clients and of this £10 billion is on a discretionary basis. BD has 40 offices throughout the UK and Channel Islands and Brewin Dolphin Investment Banking is corporate adviser to over 110 small and medium size quoted companies and institutions.
Brewin Dolphin Limited (BD) is the principal operating company of Brewin Dolphin Holdings PLC which is a FTSE 250 company. BD is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange.
The Group provides a complete investment management and financial planning service for private investors, charities and pension funds and its Investment Banking division was voted best for Research at the 2008 AIM Awards. Stocktrade is the BD Execution-Only telephone and on-line dealing division.
Scottish Life was founded in 1881 in Edinburgh as a proprietary company, becoming a mutual company in 1968.
On 1 July 2001, Scottish Life demutualised and transferred its business to The Royal London Mutual Insurance Society Limited. Scottish Life is a division of Royal London and is the specialist pensions business within the Group, providing individual and group pensions to the market via intermediaries.
Scottish Life and Royal London's other intermediary businesses are based mainly in Edinburgh where 1,140 staff are employed, with 710 working in other parts of the UK and overseas.
Royal London Group
is a specialist financial service provider. Its businesses focus on those sectors of the market which value quality propositions, operating through a number of brands:- Scottish Life UK pensions market
- Bright Grey UK protection market
- Scottish Provident UK protection market
- Royal London 360° offshore investment markets
- RLAM fund management
- RLAS life and pensions administration
- Fundsdirect / Ascentric funds supermarket; Wrap platform
Royal London also distributes life and pensions products through Santander's UK branch networks.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £35.5 billion. Group businesses serve around 3.6 million customers and employ 2,800 people. Figures quoted are as at 30 September 2009.