Royal London has welcomed experienced fund selector JB Beckett to its Investment Advisory Committee (IAC).
JB has nearly twenty years’ experience as a selector and is a well-known industry campaigner on fund governance issues. He is the author of a book New Fund Order which addresses technology, sustainability and fund governance issues.
Previously JB worked at Scottish Widows from 1996 where he became a fund gatekeeper, for the £190bn Scottish Widows/LBG L&P platform for institutional, wealth and retail assets. He also co-led the firm’s responsible investing framework.
In 2018, he was part of the investment team assessing managers for the largest ever single asset tender (£109bn) across various asset capabilities and led the ESG assessment on the winning managers.
Prior to this JB worked at the wealth manager JRG Financial, asset manager Franklin Templeton, Standard Life and Barclays Wealth. He is also Emeritus for the Association of Professional Fund Investors (APFI) having previously been a member of the board, leading a global team in best practice in Professional Fund investing.
JB is on a number of advisory boards including the Transparency Task Force and Stirling University Investment Managed Fund. He is also an independent non-executive director for asset managers.
He joins a team of five pensions and investment experts on Royal London’s IAC. The committee has an independent chairman and has representatives from the Royal London Group and Royal London Asset Management as well as independent members. JB will be the third independent member of the committee and replaces Colin Taylor who leaves in June after eight years of valuable service.
The IAC’s role is to meet on a regular basis to review Royal London’s risk-graded Governed Portfolios and fund range. They are tasked with looking at whether the funds have the best blend of assets to meet customer objectives. Critically, it operates independently of RLAM who have day to day running of the underlying funds within the portfolios.
Lorna Blyth, head of investment solutions at Royal London Intermediary, said:
“It is great news to be able to welcome someone of JB’s experience to the committee – his experience both as a fund selector and his work on responsible investing will make a valuable contribution. His appointment allows us to maintain a strong independent presence on the committee and we very much look forward to working with him.”
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £114 billion of assets and employs 92 investment professionals as at December 2018. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued February 2019 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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