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."
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