06 February 2017

Royal London reaches £1bn milestone of assets under management for the Governed Retirement Income Portfolios

5 min read

Berni Ryan, Corporate PR Manager
Berni Ryan

Corporate PR Manager


Royal London is celebrating £1bn assets under management in its market-leading Governed Retirement Income Portfolios (GRIPs) range, which was launched in August 2012. 

This milestone was achieved at the end of January 2017 and reflects the fact that over 50% of Royal London’s drawdown customers are choosing to invest in the GRIPs range.

The GRIPs are a range of five multi asset portfolios which come with ongoing governance, automatic rebalancing and dynamic asset allocation, specifically designed for customers in drawdown, who are taking a regular income from their fund.

Lorna Blyth, Investment Strategy Manager at Royal London’s pension intermediary business commenting on the achievement said:

Royal London’s Governed Retirement Income Portfolios are pretty unique in the market. There are still very few multi asset portfolios designed for the pension decumulation market, where units are cashed from a well-diversified multi-asset fund to provide income, rather than relying on income payouts from the underlying investments. With GRIPs, it is as straightforward as possible for advisers to ensure consistency of income for their clients to meet their objectives and expectations.

“The portfolios have proven that they ‘Do what they say on the tin’ with a strong track record in delivering appropriate risk, return and governance, for over the past four years. Since launch all five portfolios continue to outperform their benchmarks and are delivering an average annual return of between 5-10% per annum.

“However, we know it’s not just about performance. The risk of income drawdown eroding a person’s pension pot is very real. That’s why we’ve created a range of retirement planning tools to help advisers recommend the right retirement income option and investment solutions for their client’s needs, to help ensure the future sustainability of their income.

Advisers looking for more detail on Royal London’s GRIPSs of the range of at retirement planning tools should speak to their normal Royal London contact or go to http://adviser.royallondon.com/grips


Notes to Editors:

In addition to the GRIPs, Royal London also offer advisers a range of planning and governance tools, such as the market leading Drawdown Governance Service, for them to use with their clients, where required, to ensure they are able to understand all the potential risks and achieve a sustainable level of income, over the time required.

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.

For press releases about RLAM please click here.

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.