Royal London creates additional IFA support materials for Riley
Thursday, 30 August 2007
Royal London, the UK's largest mutual life and pensions company, has introduced a range of case studies and other support materials on Riley, its individually insured investment, in order to facilitate the communication process between IFAs and their clients.
Riley offers investors the opportunity for stockmarket gains with a flexible level of protection. The chosen protected amount is insured by putting part of the original investment into a fund which holds protection contracts provided by a leading investment bank. The remainder of the investment goes into a choice of two funds: the FTSE 350 Tracker Fund, managed by RLAM (Royal London Asset Management), or the FTSE 350 Managed Fund, managed by Andy Simpson at Schroders.
The case studies, which are available on the product's dedicated website www.thelifeofriley.co.uk/support, illustrate specific benefits of investing in Riley. These include using it as an alternative to cash and taking advantage of the deferred protection option, which offers peace of mind when the stockmarket is doing well and protection when it is not. Other online support material includes template letters, a client leaflet clearly explaining the product benefits and a client mailing checklist providing guidance for the IFA on client communications.
Roger Edwards, Head of Marketing Development, commented:
"The additional material has been designed to help IFAs identify suitable clients who may benefit from investing in Riley. This forms part of our ongoing commitment to supporting advisers with their requirements under the FSA's Treating Customers Fairly (TCF) principals.
"With Riley, investors have the unique benefits of control over the level and timing of the protection and the ability to change the protection level at any time – for instance to lock in gains from stockmarket growth. The strong growth in the FTSE 350 since the launch of Riley, coupled with recent stockmarket volatility, illustrates the benefits of a flexible product where investors and their IFAs can tailor the protection element to suit the individual."
IFAs can get Information about Riley from their Scottish Life consultant or by going to www.thelifeofriley.co.uk
Note:
Investment returns may fluctuate and are not guaranteed. The price of units can go down as well as up.
Riley is a life insurance bond with a minimum investment of £10000. Investors may not get back the full amount of their investment.
The FTSE® trademark is jointly owned by the London Stock Exchange plc and The Financial Times Limited and is used by FTSE International Limited under licence. "FTSE350" is a trademark of FTSE International Limited. The FTSE 350 Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading. All copyright in the index values and constituent list vests in FTSE International Limited. The Royal London Mutual Insurance Society Limited has obtained full licence from FTSE International Limited to use such copyright in the creation of this product.
- ENDS -
For further information please contact:
Royal London
Alasdair Buchanan
Group Head of Communications
Tel: 0131 456 7133
Roger Edwards
Head of Marketing Development
Tel: 0131 456 7301
Polhill Communications
Jenette Perry
Tel: 020 7655 0530
Editor's Notes:
1. Who's behind Riley?
Scottish Life is a division of Royal London and markets products produced by Royal London. Scottish Life is responsible for the marketing, distribution and servicing of the Riley bond.
RLAM is the specialist asset management company within the Royal London Group. RLAM's clients include FTSE 250 companies, local authorities, universities and charities; wealth managers and other financial advisers. RLAM manages over £32bn of assets, employing more than 50 experience investment professions (as at 30 June 2007).
Schroders is a global asset management company with £137.6 billion under management as at 30 June 2007. Its clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors. Schroders applies its specialist asset management skills in serving the needs of its clients worldwide. With one of the largest networks of offices of any dedicated asset management company and over 250 portfolio managers and analysts covering all the major investment markets, Schroders offers its clients a comprehensive range of products and services. Further information about Schroders can be found at www.schroders.com
2. 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 one of the stronger life and pension companies in the UK, and has a strong track record for with-profits performance.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.7 billion. Group businesses serve around three million customers and employ 2,570 people (figures quoted are as at 30 June 2007).