View more on these topics

Scottish Life investment proposition gets validation from AKG consulting

Scottish Life has received independent validation of the processes underlying the governed range of its new investment proposition, launched in January.

A report from consultancy firm AKG examines the value that the overall governance process delivers to adviser firms and their clients.

It analyses the key individual processes that underpin the Scottish Life governed range, including risk profiling, asset allocation, fund selection, lifestyling, rebalancing and the role of the Investment Advisory Committee.

Lead author of the report Nigel Balchin says: “Good governance is an increasingly important issue for advisers.

“It encapsulates the duty of care an intermediary has for their client and, ultimately, it has to be the responsibility for the intermediary to ensure that good governance is in place.

“AKG has conducted a thorough review of the processes that underpin Scottish Life’s governed range and our report details what these processes are and how they operate. We also give our views on the effectiveness of the governance.”

Scottish Life head of investment marketing Nick Leitch says: “We’ve had a very positive reaction from advisers following the launch of the Governed Range in January.

“We believe the investment proposition we’ve put together is the best in the market: but obviously we recognise that advisers may be cynical about such claims. That’s why we commissioned independent analysis from AKG, a well respected organisation which is well known to IFAs.

“I’m sure the report will be an invaluable part of the ‘due diligence’ that IFAs will want to have in place, in relation to their investment recommendations to clients. The fact that an experienced, independent firm has ‘kicked the tyres’ will be an added reassurance.”

Recommended

Advisers link up to press for Options action

Advisers have rallied together to demand that providers that have failed to implement or sign up to the Association of British Insurers’ pension transfer initiative, get on board as soon as possible.

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com