Scottish Life, the pensions specialist arm of the Royal London Group, has announced the appointment of Julius Pursaill and Colin Taylor as independent members of the Investment Advisory Committee (IAC), replacing Andrew Barrie who recently stepped down.
Julius Pursaill has over 20 years investment management experience, including senior roles at Mercury Asset Management and Merrill Lynch. Julius retired in 2001 and has since acted as Non-Executive Director for a number of technology-based companies in the financial services sector. He is a Trustee member of the National Employment Savings Trust (NEST).
Colin Taylor is a qualified actuary with a strong investment background spanning 40 years at companies including Aon Consulting and Winterthur Life (now part of AXA). Most recently, Colin was the Deputy Chief Investment Officer for Architas.
Julius and Colin join existing IAC members:
Phil Loney, Group Chief Executive, Royal London Group
John Deane, Chief Executive, Royal London Intermediary Division
Andy Carter, Chief Executive Officer, Royal London Asset Management
Ewan Smith, Product Development Director, Scottish Life
The IAC meets on a regular basis to review the Scottish Life risk-graded Governed Portfolios and fund range. The committee takes a long-term view to ensure that investment decisions are based on sound fundamentals.
Phil Loney, Group Chief Executive of Royal London Group, said:
"Julius and Colin both bring with them a range of experience and knowledge that will complement the skills we already have on the committee. They are key additions to the committee and I look forward to working closely with them to ensure the Governed Range continues to meet the objectives of our customers."
Julius Pursaill said:
"In a number of my roles there has been a strong focus on high quality DC investment governance. In my view Scottish Life has one of the best developed and sophisticated approaches in the market and I am delighted to work with them in this increasingly important area."
Colin Taylor said:
"This role is about making sure that there is a sound framework of benchmarking and performance review. I'm delighted to join the Committee and offer the benefit of my experience in the industry."
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