SLI signs partnership agreement with Allfunds

Scottish Life International (SLI) has entered a strategic partnership with Allfunds Bank, one of the foremost third-party investment fund specialists in Europe. The agreement allows SLI to link its international products to Allfunds' extensive fund range on competitive terms.

The first product to benefit from this agreement is Paragon, SLI's recently launched regular premium investment plan. Douglas Law, Scottish Life International's Head of Marketing commented, "When developing our regular premium investment plan, it became clear that the key driver was an efficient dealing service, which is exactly what the Allfunds platform delivers.

"Direct investment, as opposed to mirror funds, gives transparency, allowing the client to benefit from the complete expertise of fund managers. By using a bottom up approach to selecting funds, we were able to create an appropriate fund range with coverage across asset classes and equity sectors, with all the funds available to investors at no initial charge and no bid/offer spread."

The agreement allows SLI to benefit from the Allfunds dealing platform and also their investment advisory and information services.

Douglas added, "The expertise and support from the Allfunds Investment Advisory team was invaluable in helping us complete the fund selection process. A full suite of fund factsheets is available on our website and we are working with Allfunds to provide further valuable information for advisers and investors, as we look to add services in order to help them make informed decisions."

This arrangement will continue for Royal London's new International business, by the combination of Scottish Life International and Scottish Provident International,, which will be offering Paragon, within its International product range.

Beltrán Parages, Managing Director Iberia, Latam & UK at Allfunds Bank added, "We are delighted to be working with Royal London on this exciting venture. Royal London are focused on becoming a main contender in the international investment field and we look forward to developing a strong relationship with them in years to come."