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Scottish Life extends its range of investment solutions

10 May 2012

Scottish Life, the pensions specialist arm of the Royal London Group has extended its range of outsourced investment solutions to include funds from four leading discretionary fund managers -- Cazenove Capital Management, Brooks MacDonald Funds, 7IM and Rathbones. This gives advisers access to a range of low cost, risk graded, investment options for use with their clients.

Lorna Blyth, Investment Marketing Manager at Scottish Life, commented:

"Outsourcing the investment process is a growing trend, centred around the provision of a consistent and robust investment process for different segments of an adviser's client bank. However, there's growing pressure from the FSA to ensure that the providers chosen for the outsourcing are suitable in terms of cost, servicing and other relevant factors, and that the approach taken is not 'one size fits all'.

"Scottish Life's Governed Portfolios has proved hugely successful in delivering a low cost, risk graded investment solution designed specifically for pensions. But we've always recognised that it may not be the right solution for all segments of an adviser's business.

"Governance is something we feel should always be provided. Advisers have to be comfortable that, if they choose to outsource the investment process, the provider is doing the job they have been trusted with. So we've formed strategic partnerships with four of the leading discretionary fund managers in the market to offer a range of segmented investment solutions in addition to our own Governed Portfolios.

"We're offering their packaged risk graded funds at a competitive price through our pension products. And we've also created new fixed lifestyle strategies that chart a path from higher to lower risk funds as clients approach retirement."

The main benefits of outsourcing the investment solution are:

  • it cuts the amount of chargeable time from the adviser process
  • it provides a consistent investment advice service, with consequent compliance benefits
  • it helps to manage the risks associated with investment selection

-ENDS-

For further information please contact:

Scottish Life

Alasdair Buchanan, Head of Communications
0131 456 7133
07919 170 413

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 advisers 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 1,070 staff are employed, with 770 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 marketScottish 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 46.8 billion. Group businesses serve around 4 million customers and employ 2,880 people. Figures quoted are as at 31 March 2012.