Scot Life drops 'underperforming' Schroders from pension fund

The pension arm of Royal London will also switch the underlying investment of its US Core Plus Pension fund from Investec American to Fidelity American. The switches will take place on 14 November, the provider said. Lorna Blyth, investment marketing manager at Scottish Life, said: "We take a proactive role in the governance of our investment fund range, with regular reviews of the investment objectives, performance and benchmarks, and we make changes when necessary. "We have taken the decision to replace the Schroder UK Mid 250 fund following a sustained period of underperformance...