Royal London has amended its Governed Portfolio range – reducing the number of portfolios and renaming them to reflect the level of investment risk they take.
As part of the changes, Royal London is also launching a new 100% equity portfolio to increase choice and flexibility within the range. The addition of the equity fund offers advisers and customers seven risk rated funds to choose from.
The life, pensions and investment mutual said there is no change to underlying investments or how the Governed Portfolios are managed. The key aims – to deliver above-inflation growth for their given level of risk – remain the same.
Iain McLeod, Director of Investment Proposition at Royal London, commented, “The Governed Range has £66bn of assets under management, and since launch has proven to be a cost-effective, strongly performing proposition for Royal London customers and an alternative to packaged portfolio solutions.
“We’ve listened to feedback which has helped us evolve the design of the range, making it easier for customers to understand and easier for advisers to explain – ensuring we are offering a modern investment solution firmly aligned to individual future goals and objectives.”
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