Royal London has restructured its governed portfolio range, removing some portfolios and assigning new titles based on the level of investment risk.
The firm also added a new offering to the range, which is 100% exposure to equity. The changes create a total of seven different risk level portfolios, down from the previous nine. There will be no change to the investments or management strategy of the portfolios.
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Iain McLeod, director of investment proposition at Royal London, said: “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.”
The governed portfolio range is managed by Royal London’s multi asset team, with governance overseen by an independently-led advisory committee.
