Sustainable Multi Asset at Three

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• Update: Standard Life Sustainable Multi Asset Three Years from Launch
• Assets under management reaches c£24 billion

Standard Life’s Sustainable Multi Asset solution has celebrated its 3rd anniversary since launch with its growth fund delivering a three-year cumulative return of 17.9% gross within its default lifestyle profile for new business – Sustainable Multi Asset Universal SLP.

“Now is also a great time to think about how you can start the new tax year as you mean to go on and you could consider putting a little more into your pension plan each month if your finances allow. With the benefits of compound interest, it all adds up, giving your savings a boost that can add real value to your pension and make a meaningful impact on your retirement.” 

In championing a member-first approach, based on an investment philosophy set out to reduce financial risk while seeking sustainable opportunities, the solution has delivered competitive returns in line with design.

This was despite extraordinary economic turmoil – driven by the triple impact of the Covid 19 Pandemic, the Russia Ukraine war and the cost-of-living crisis, suffered in the tumultuous first three years of the solution coming to market, with Standard Life’s growth oriented sustainable solution having achieved its overall aim to help keep members on track to achieve good retirement outcomes.
 

Performance of Sustainable Multi Asset Universal SLP

Source:Financial Express, figures shown are on a gross basis between the dates shown. The information shown relates to the past. Past performance is not a guide to the future. The value of investments can go down as well as up and may be worth less than paid in. Funds launched in December 2020.

The value of investments can go down as well as up and may be worth less than originally invested.

A sustainable investment approach supporting good financial outcomes

Based on the philosophy that investing sustainably will help savers achieve an improved financial outcome, Standard Life has established sustainability targets aimed at minimising potential risks for scheme members.

The steps taken to meet the solution’s sustainability targets on the 15-year SLP included reducing carbon intensity by 50%, increasing green revenue by 50% and enhancing ESG scores by 10-20%, compared to the parent index, across equity investments which today account for 79% of the growth fund’s asset mix.

Standard Life has also continued to evolve its Sustainable Multi Asset solutions and provide access to as many members as possible. It undertook the successful transition of £15 billion of DC assets for 1.5 million existing workplace pension scheme members to its sustainable strategies during 2022. Today it is one of the largest defaults of its kind in the UK. Assets under management across the entire Sustainable Multi-Asset range of funds reached £24 billion, as at 31 December 2023.

Callum Stewart, Head of Investment Proposition at Standard Life said: “The last three years have really put our Sustainable Multi Asset solution to the test, and it has passed the test of keeping members on track to achieve good retirement outcomes. We set out to offer an outcomes-based, future proofed proposition underpinned by strong governance and independence, and the three-year returns shows just what an outcomes-focused solution with a sustainable focus can deliver for members in terms of contributing to a good retirement outcome.”

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