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Scottish Life targets drawdown market with investment offering

Lorna Blyth Scottish Life

Scottish Life is targeting the income drawdown market with the launch of five new investment portfolios for its ‘governed range’.

The new ‘governed retirement income portfolios’, due to be launched on 29 August, are diversified, multi-asset portfolios and are designed to meet the needs of people who want take regular income from their pension.

The provider is also launching a drawdown planning tool designed to help advisers establish a client’s attitude to risk and the impact of drawing different levels of income from their pension pot.

Scottish Life investment marketing manager Lorna Blyth (pictured) says: “Income drawdown advice is a complex area. It is vital for advisers to understand and manage the risks involved, document their process and clearly communicate the benefits and risks of a particular drawdown investment approach.

The new range will sit alongside Scottish Life’s current income drawdown offering, Income Release.

“It is all about helping clients understand the trade-off between income now against income later, and the upside and downside of a particular investment approach.”

Radcliffe & Newlands chartered financial planner Mel Kenny says: “Rather than relying on their existing one size fits all governed portfolios, these income focused portfolios are a further demonstration of Scottish Life’s intent to remain a major player in the drawdown market.”

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Comments

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  1. This shall be interesting to consider.

    Hope its useful and user friendly for all the right reasons.

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