Governed Retirement Income Portfolios (GRIPs)

An investment proposition specifically for income drawdown.

They come with the same expert governance and automatic updates that the Governed Portfolios benefit from to help keep the portfolios on track.

All about GRIPS

There are five Governed Retirement Income Portfolios to choose from depending on the client's attitude to risk.

They are based on sensible risk targets which take account of the level of risk required to achieve a particular level of income.

Each portfolio invests in a mix of equities, high yield bonds, corporate bonds, index linked gilts and property managed by Royal London Asset Management.

Benchmark asset allocations are shown below:

 

  GRIP 1 GRIP 2 GRIP 3 GRIP 4 GRIP 5
Equity 12.50% 22.50% 30.00% 40.00% 50.00%
Property 5.00% 7.50% 7.50% 10.00% 10.00%
Commodities 5.00% 5.00% 5.00% 5.00% 5.00%
Global High Yield Bonds 5.00% 5.00% 5.00% 6.25% 6.25%
UK High Yield Bonds 5.00% 5.00% 5.00% 6.25% 6.25%
UK Corporate Bonds 14.00% 13.00% 10.00% 7.25% 4.00%
Global Corporate Bonds 4.00% 3.50% 3.25% 2.00% 2.00%
Short Duration UK Corporate Bonds 4.50% 4.50% 3.00% 2.00% 1.50%
UK Index Linked 5.00% 5.00% 5.00% 3.75% 2.50%
Short Duration UK Index Linked 1.50% 0.75% 0.75% 0.00% 0.00%
Short Duration Global Index Linked 3.50% 1.75% 1.75% 0.00% 0.00%
UK Government Bonds 10.00% 10.00% 9.75% 5.00% 4.00%
Global Government Bonds 4.00% 3.75% 2.50% 2.50% 1.00%
Short Duration UK Government Bonds 11.00% 2.75% 1.50% 0.00% 0.00%
Absolute Return Strategies (including Cash) 10.00% 10.00% 10.00% 10.00% 7.50%

 

AKG Governed Retirement Income Portfolios

May 2022

We've received independent validation of the governance structure and processes which underpin the ongoing delivery of our Governed Retirement Income Portfolios from AKG.

Read - the full AKG report (PDF)

Benefits of the Governed Retirement Income Portfolios

  • Governance at no extra cost
  • Automatic monthly rebalancing
  • Automatic updates to asset mix
  • Option to change the equity fund
  • View the latest details online
  • Dynamic asset allocation
  • Diverse range of assets.

Our Governed Retirement Income Portfolios (GRIPs) are designed for customers who are looking to take a regular income.

Confidently recommend this solution to your clients

If you’re thinking of recommending a risk-graded portfolio from our Governed Range to a client, the following content is designed to strengthen your suitability and due diligence process.

Stewardship and responsible investment report

To understand more about Royal London Asset Management's approach to stewardship, including how and why they engage with companies and integrate ESG considerations into their investment decisions, you can read their Stewardship and responsible investment 2022 report (PDF).