Scottish Life adds DFMs to investment range
Scottish Life has expanded its range of outsourced investment solutions to discretionary managers, as advisers push to outsource ahead of RDR.
The pensions specialist arm of Royal London Group has included funds from Cazenove Capital Management, Brooks MacDonald, Seven Investment Management (7IM) and Rathbones.
Scottish Life currently offers a range of Governed Portfolios but the firm said it has “always recognised that it may not be the right solution for all segments of an adviser’s business”.
As such, it has partnered with top discretionary fund managers in order to offer a range of segmented portfolios in addition to the firm’s existing Governed range.
Lorna Blyth, investment marketing manager at Scottish Life, said “Outsourcing the investment process is a growing trend, centred around the provision of a consistent and robust investment process for different segments of an adviser’s client bank.
“However, there’s growing pressure from the FSA to ensure that the providers chosen for the outsourcing are suitable in terms of cost, servicing and other relevant factors, and that the approach taken is not ‘one size fits all’.”