A workplace default option with governance as standard

It's important your clients have a strong default option set up on their workplace scheme which takes account of the characteristics and needs of their employees.

A robust default option can help set your clients' employees on the right path to retirement, without them having to make investment decisions.

Our default investment option

Our standard default investment option is the Balanced Lifestyle Strategy (Drawdown) which is invested in three of our risk-targeted Governed Portfolios.

It offers your clients and their employees:

Solutions designed by our investment experts

A selection of lifestyle options 

Flexibility over default choice

Governance you can count on

Employee communications

Affordable solutions

Strong governance - at no extra cost

Our default investment option benefits from regular reviews by both our Investment Advisory Committee and Independent Governance Committee. So you can feel confident your clients' and their employees' money is being looked after by experts.

Our Investment Advisory Committee (IAC) look after our flagship Governed range and review this on an ongoing basis to make sure each portfolio continues to meet its objectives.

The committee:

  • Provide hands on expertise
  • Carry out regular reviews
  • Provide hands on supervision
  • Fine-tune them, to make sure they stick to their objectives

Find out more here

Our Independent Governance Committee (IGC) frequently review our workplace pension arrangements to ensure it's providing value for money to our customers.

To assess this, our IGC committee review:

  • Plan charges
  • Transaction costs
  • Investment strategy
  • Quality of service
  • Scheme member communications
  • Environmental, Social and Governance

Find out more about our IGC

Governed Retirement Income Portfolios (GRIPs)

At retirement, employees will move into a Governed Retirement Income Portfolio. These are designed for those looking to take a regular income in retirement through our income drawdown option, Income Release.

Find out more

To find out more about our full range of investments, visit the investment area of our website. Alternatively, you can speak to your usual Royal London contact.

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 royallondon.com.

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.