Royal London has reduced the number of portfolios available through its Governed Portfolio range as it moves to simplify the offers.
The mutual also said it had renamed the available portfolios to reflect the level of investment risk they take. It added that as part of the changes, it was launching a 100% equity portfolio to increase "choice and flexibility" within the range. Advisers and clients now have a choice of seven risk-rated funds. There will be no changes to how the underlying investments are managed. It said the key aims - to deliver above-inflation growth for their given level of risk - remained the same Royal London director of investment proposition Iain McLeod said: "The governed range has £66b...
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