Royal London has simplified 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 overhaul, Royal London has also launching a new 100 per cent 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.
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.
Royal London said that vlients will also continue to benefit from Royal London Asset Management actively managing these portfolios, under governance from the independently-led Investment Advisory Committee.
Royal London director of investment proposition Iain McLeod says: “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.”