The first product to benefit from the agreement is Paragon, SLI’s rec- ently launched regular-premium investment plan. The agreement allows SLI to benefit form the Allfunds dealing platform and its investment advisory and information services.
Scottish Life International head of marketing Douglas Law says: “When developing our regular-premium investment plan, it became clear that the key driver was an efficient dealing service, which is exactly what the Allfunds’ platform delivers. Direct investment, as opposed to mirror funds, gives transparency, allowing the client to benefit from the complete expertise of fund managers.
“By using a bottom-up approach to selecting funds, we were able to create an appropriate fund range with coverage across asset classes and equity sectors, with all the funds available to investors at no initial charge and no bid/offer spread.”
This arrangement will continue for Royal London’s new international business, a combination of Scottish Life International and Scottish Prov- ident International, which will be offering Paragon within its inter- national product range.