Governed Retirement Income Portfolios (GRIPs)

An investment proposition specifically for income drawdown.

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

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 (click to enlarge):


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.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.