Underperformance causes drop in Royal London IGC's investment rating

James Phillips
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Dorward: "We will be monitoring investment performance closely"
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Dorward: "We will be monitoring investment performance closely"

Royal London's independent governance committee (IGC) has downgraded its rating for appropriate investment returns after all default funds caused a fall in pot values.

The provider's contract-based scheme saw investment underperformance compared to benchmarks in its three accumulation portfolios over the course of 2018, the IGC's annual report said. Savers wit...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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