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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.”


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