Case studies illustrating the benefits of investing in its insured investment, Riley, have been made available to IFAs by Royal London.
The life and pensions firm says the studies will enable advisers to show their clients what could happen to their investments if they select any of the options available on Riley, including using it as an alternative to cash and taking advantage of its deferred protection option.
Other online support material includes template letters, a client leaflet explaining the product benefits, and a client mailing checklist providing guidance for the IFA on client communications.
Riley offers investors the opportunity for stockmarket gains with a flexible level of protection.
The chosen protected amount is insured by putting part of the original investment into a fund which holds protection contracts provided by a leading investment bank.
The remainder of the investment goes into a choice of two funds: the FTSE 350 Tracker Fund, managed by Royal London Asset Management (RLAM), or the FTSE 350 Managed Fund, managed by Andy Simpson at Schroders.
Roger Edwards, head of marketing development, says: “The additional material has been designed to help IFAs identify suitable clients who may benefit from investing in Riley.
“This forms part of our ongoing commitment to supporting advisers with their requirements under the FSA’s Treating Customers Fairly (TCF) principals.
“With Riley, investors have the unique benefits of control over the level and timing of the protection and the ability to change the protection level at any time – for instance to lock in gains from stockmarket growth.
“The strong growth in the FTSE 350 since the launch of Riley, coupled with recent stockmarket volatility, illustrates the benefits of a flexible product where investors and their IFAs can tailor the protection element to suit the individual.”
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