Scottish Life cutting equities

Life office reduces equity weightings in individual managed portfolios and adds bond funds

Scottish Life's managed fund range will be graded by time and risk in a revamp that will cut equity weightings in individual portfolios and see the addition of a series of bond funds. Nine strategies have been devised so advisers can select solutions to fit clients with different risk profiles over short, medium and long timeframes. The move is targeted at Scottish Life's key group personal pension market where managed funds are a common default option. Scottish Life's three existing managed funds have been aligned to three of the nine risk/timeframe combinations: short cautious, medium b...