Martin Currie Extend Terms with Scottish Life International
Tuesday, 13 March 2007
Martin Currie, the specialist investment management business based in Edinburgh, has extended the range of their funds made available through Scottish Life International's offshore bond – the Personal Investment Management Service (PIMS).
Investors can now access a range of Martin Currie's funds within the PIMS wrapper including the recent additions of the Martin Currie Japan Alpha and Global Alpha funds.
Commenting on the expansion to the fund choice, Mike Fulton, Scottish Life International's Investment Marketing Manager, said, "We are constantly looking to enhance our offering and the addition of these new funds broadens investors' and advisers' choice when creating portfolios within PIMS. The breadth and depth of experience of the fund management team at Martin Currie means advisers can access some of the best talent in the industry within a highly competitive charging structure."
Fergus McCarthy, Strategic Alliances Manager at Martin Currie said, "Growing our third party business is very important to us and we're delighted to be a chosen fund partner of Scottish Life International. As the big boutique, we blend the best attributes of both large and small investment managers and we offer a distinctive range of funds that are gaining increasing support from the market. The terms we have agreed with SLI and the fund range made available through their offshore bond will ultimately benefit the investor."
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For further information please contact:
Scottish Life International
Mike Fulton
Investment Marketing Manager
Tel: 0131 456 6034
michael.fulton@sli.co.im
Editors Notes:
The Protected Investment Management Service (PIMS) is an offshore portfolio bond which can hold a wide range of collective investments, cash and protected funds and also offers the option of PIMS Insurance which locks in gains on a six-monthly basis preserving the estate value against unexpected market falls when the investor dies. Investment returns may fluctuate and are not guaranteed. The price of units can go down as well as up.
Scottish Life International was launched in 1996 and is now part of the Royal London Group. The company has grown rapidly in size and now has funds under management in excess of £730 million from investors in the UK and around the world (as at 31 December 2006). Scottish Life International is based in the Isle of Man, where it is supervised by the Isle of Man Government Insurance and Pensions Authority
Scottish Life International is a member of the Association of International Life Offices (AILO) and sponsors IFA Promotion (IFAP), which supports the need for independent financial advice.
Holders of policies issued by Scottish Life International Insurance Company Limited, based in the Isle of Man, will not be protected by the UK Financial Services Compensation Scheme if the company becomes unable to meet its liabilities to them. Policyholders will however be protected by the Isle of Man Life Assurance(Compensation of Policyholders) Regulations 1991.
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands
• Scottish Life - UK pensions market
• Bright Grey - UK protection market
• Scottish Life International - offshore investment markets
• RLAM - fund management
• RLAS - life and pensions administration
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £30.8 billion. Group businesses serve over three million customers and employ 2,640 people. (Figures quoted are as at 31 December 2006.)
Issued by Scottish Life International Investment Group Limited, a Royal London company which is authorised and regulated by the Financial Services Authority. Scottish Life International only promotes the investment, life assurance and pensions products of the Royal London marketing group. Registered in Scotland number 166387. Registered office: 19 St Andrew Square, Edinburgh EH2 1YE