The pensions specialist division of Royal London has amended its underlying investments in the Scottish Life U.K. Mid Cap Specialist pension and the U.S. Core Plus pension, Financial Times reports. The changes will be effective from November 14. The underlying investment within the Scottish Life U.K. pension fund will change from Schroder U.K. Mid 250 to Franklin U.K. Mid Cap fund and the investment within the Scottish Life U.S. pension fund will change from Investec American to Fidelity American. Both the pension funds are part of a group of externally managed equity funds categorized by sector and by risk relative to a benchmark.
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