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Scottish Life celebrates the third anniversary of the Governed Range
01 February 2012
Scottish Life, the pensions specialist arm of the Royal London Group, is celebrating the third anniversary of its enhanced investment proposition, the Governed Range.
Since the launch of the range of nine risk-graded portfolios in January 2009, the Governed Range has become increasingly popular with advisers. It currently accounts for over 70% of all new Individual Scottish Life pensions, and over 89% of new business written for Group pension schemes.
Lorna Blyth, Investment Marketing Manager at Scottish Life, said:
"There's been an increasing trend amongst advisers towards model portfolios and risk graded solutions and this has been reflected in the popularity of our Governed Range, which has taken over £2 billion in investments since launch.
"The range was designed as the perfect investment solution for those advisers who are looking to outsource the investment decision and to meet their regulatory obligations to focus on suitability of asset allocation and ongoing advice."
Scottish Life's Governed Range helps make choosing and monitoring investments more transparent. It is based on a robust four-stage process of risk assessment, asset allocation, fund choice and regular reviews. Standard benefits of the Governed Range include well defined governance and a range of lifestyling options, all at no extra cost.
Lorna Blyth added:
"The portfolios continue to provide healthy returns and perform well against benchmark. Performance since launch has seen positive returns of 35% for the longest term and highest risk option (GP7) and 26% positive returns for the short term, lowest risk option (GP3).
"Despite the recent economic turmoil, we expect investor confidence to be boosted by a number of factors including improved economic data from the US, loosening of monetary policy in China and the better than expected news out of Europe, despite recent downgrades."
-ENDS-
For further information please contact:
Scottish Life
Alasdair Buchanan, Head of Communications
0131 456 7133
Lorna Blyth, Investment Marketing Manager
0131 470 1360
Redleaf Polhill
Sally Walton
Marlene Scott
020 7566 6750
Editor's Notes:
The Governed Range is a series of investment portfolios and lifestyle strategies available within Scottish Life's Retirement Solutions and Pension Portfolio contracts. The Governed Range focuses on risk profiling, asset allocation, fund picking, rebalancing and ongoing governance. It is particularly suited for IFAs who are interested in getting support to help deliver quality investment advice, at low cost, within a Treating Customers Fairly framework.
Past performance is not a guide to the future. Prices can go down as well as up. Investment returns may fluctuate and are not guaranteed.
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 1,030 staff are employed, with 790 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
- Caledonian Life - ROI protection market
- Royal London 360° - offshore investment markets
- RLAM - fund management
- Royal London Plus - life and pensions administration
- Ascentric/IFDL - Wrap Platform
- MoneyVista - online financial planning service for consumers
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £44.2 billion. Group businesses serve around 4 million customers and employ 2,950 people. Figures quoted are as at 30 September 2011.
