Prestige investment award for Scottish Life
15 February 2010
Scottish Life, the pensions specialist arm of the Royal London Group, has won the highly respected "Ultimate Default Fund" award at the annual Corporate Adviser Awards. The Corporate Adviser Awards, which were held in London yesterday evening (10 February), recognise excellence in a number of corporate pensions categories for both advisers and providers.
Scottish Life's Governed Range was nominated for the "Ultimate Default Fund" category by Jason Walker of adviser firm AWD Chase de Vere, who said that, in his view, the Governed Range provided "the choice, flexibility and governance that (is required) to meet client and adviser needs."
Nick Leitch, Head of Investment Marketing at Scottish Life, said:
"We launched the Governed Range in January 2009 as the latest enhancement of our core pension investment proposition, which we've developed over a number of years. It has proved hugely popular with advisers and their clients, with a 75% increase during 2009 in the number of IFA firms using the Governed Range.
"The Governed Range was designed to help make choosing and monitoring investments more transparent, and it comes with comprehensive ongoing governance at no extra cost.
"It's a fantastic achievement that Scottish Life has beaten some top class names of the investment industry to win this award. Everyone at Scottish Life is delighted by this recognition from corporate adviser professionals."
Other companies shortlisted for the award were Skandia, Newton, BGI, Rutter and Invesco Perpetual.
In 2007 Scottish Life was a joint runner-up for the "Ultimate Default Fund" Award.
The asset allocation modelling for the Governed Range was developed by Scottish Life with consultancy support from Edinburgh-based financial risk management experts, Barrie & Hibbert.
- ENDS -
For further information please contact:
Polhill Communications
Sally Biggs
020 7655 0520
Editor's Notes:
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 1,140 staff are employed, with 710 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 market
- Scottish Provident – UK protection market
- Royal London 360° – offshore investment markets
- RLAM – fund management
- RLAS – life and pensions administration
- Fundsdirect / Ascentric – funds supermarket; Wrap platform
Royal London also distributes life and pensions products through Santander's UK branch networks.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £35.9 billion. Group businesses serve around 3.6 million customers and employ 2,800 people. Figures quoted are as at 31 December 2009.