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All the latest thought leadership, articles and blogs from our investment specialists, offering investment expertise and a unique perspective
Our approach to stewardship, the responsible investment activities we have undertaken, and how we integrate ESG into investment decision making.
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Please read the terms and conditions before proceeding. Download PDF.
Please note these are subject to change at any time.
Last modified: 13 April 2023
We are authorised and regulated by the Financial Conduct Authority. Our firm reference number is 141665. You can check this on the Financial Services Register.
The Royal London Group’s registered VAT number is 368 5244 27.
Please check this page from time to time to take notice of any changes we make, as they are binding on you.
Changes to our websiteWe may update our website from time to time, and may change the content at any time. However, please note that any of the content on our website may be out of date at any given time, and we are under no obligation to update it.
We do not guarantee that our website, or any content on it, will be free from errors or omissions.
Accessing our websiteOur website is made available free of charge.
We do not guarantee that our website, or any content on it, will always be available or be uninterrupted, or that our website will be secure or free from bugs or viruses. Access to our website is permitted on a temporary basis. We may suspend, withdraw, discontinue or change all or any part of our website without notice. We will not be liable to you if for any reason our website is unavailable at any time or for any period.
You are responsible for making all arrangements necessary for you to have access to our website.
Use of our websiteThis website is not intended for distribution to, or use by, any person in a country where such distribution or use would be contrary to local laws or regulations. You agree to use the website only for lawful purposes and in a way which does not infringe the rights of anyone else or restrict or inhibit anyone else's use and enjoyment of the website. Website content must not be copied or reproduced, modified, redistributed, used or otherwise dealt with for any other reason without our express written permission. You are not entitled to use the content of the website for commercial exploitation in any circumstances.
This website is made available to and is provided for the benefit of persons and corporate entities that meet the criteria listed below only. This website is not for the use of or directed at any person in the United States of America or Hong Kong. It is not made available to or for the benefit of US Persons in any jurisdiction.
Information on this website is issued into the European Economic Area by FundRock Distribution S.A. (“FRD”) the EU distributor for Royal London Asset Management Limited. FRD is a public limited company, incorporated under the laws of the Grand Duchy of Luxembourg, registered office at 33, rue de Gasperich, L-5826 Hesperange, and registered with the Luxembourg trade and companies register under number B253257 with authorisation of establishment number 07/21 under the law of 5 April 1993, as updated from time to time. FRD is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
For investors in the United Kingdom:Information on this site is made available to investors based in the UK except those classified as US Persons.
For investors in Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Portugal and Sweden:If you are not able to access the website according to the terms and conditions below or do not understand if you fulfil the relevant criteria, you must not agree to them. This information is made available solely to persons that meet the criteria of “Professional Investor” or are authorised as a financial intermediary or investment manager by your financial regulator. If you do not meet these criteria you may not proceed any further and must leave the website. For the avoidance of doubt, the information contained on this website is not available to the general public.
By entering the website, you confirm that you meet the entry criteria described above according to the laws and regulations of your home state country and regulator.
For investors in Canada:If you are not able to access the website according to the terms and conditions below or do not understand if you fulfil the relevant criteria, you must not agree to them. This website is directed at Accredited Investors and Permitted Clients in Canada only and is not directed at members of the public. This website is not, and under no circumstances is to be construed as, an advertisement or a public offering in Canada. No Securities Commission or similar authority in Canada has reviewed or in any way passed upon this website or the merits of the content herein, and any representation to the contrary is an offence.
By entering the website, you confirm that you meet the entry criteria described above according to the laws and regulations of Canada.
For investors in Singapore:If you are not able to access the website according to the terms and conditions below or do not understand if you fulfil the relevant criteria, you must not agree to them. This website is provided exclusively for the use and information of Institutional investors (as defined in the Securities and Futures Act (Singapore Statute Cap. 289)) (hereinafter referred to as “Institutional Investors”) in Singapore only.
By entering the website, you confirm that you meet the entry criteria described above according to the laws and regulations of Singapore.
For investors in Australia:Royal London Asset Management Limited is exempt from the requirement to hold an Australian financial services licence under the Corporations Act (as a result of the operation of ASIC Class Order 03/1099 as amended by the ASIC Corporations (Repeal and Transitional) Instrument 2016/396 and extended by ASIC Corporations (Amendment) Instrument 2020/200) in respect of the financial services it provides to wholesale clients in Australia and is regulated by the Financial Conduct Authority under UK laws which differ from Australian laws.
By entering the website, you confirm that you are a wholesale investment professional and meet the requirements to categorise yourself as such according to the laws and regulations of Australia.
For investors in Switzerland:If you are not able to access the website according to the terms and conditions below or do not understand if you fulfil the relevant criteria, you must not agree to them. This website is provided exclusively for use by and for the information of Professional investors (as defined in The Federal Financial Services Act).
By entering the website, you confirm that you meet the entry criteria described above according to the laws and regulations of Switzerland.
Your account and passwordIf you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential. You must not disclose it to any third party.
If you know or suspect that anyone other than you knows your user identification code or password, you must promptly notify us.
You instruct us to accept as genuine and duly authorise any instruction placed using your identification code and password. Unless you advise us that your identification code and password have been compromised any instruction using them will be deemed valid.
Intellectual property rightsThe Royal London Mutual Insurance Society Limited and/or its subsidiary companies is/are the owner or the licensee of all intellectual property rights in our website, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.
You may print off one copy, and may download extracts, of any page(s) from our website for your personal use and you may draw the attention of others within your organisation to content posted on our website.
You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.
The status (and that of any identified contributors) of The Royal London Mutual Insurance Society Limited and/or its subsidiary companies/ another company in The Royal London Group as the authors of content on our website must always be acknowledged.
No reliance on informationThe content on our website is provided for general information only. It is not intended to amount to financial or other professional advice on which you should rely. You must obtain financial or other professional advice if you require it before taking, or refraining from, any action on the basis of the content on our website.
Although we make reasonable efforts to update the information on our website, we make no representations, warranties or guarantees, whether express or implied, that the content on our website is accurate, complete or up-to-date.
To the fullest extent permitted by law, we exclude all conditions, warranties, representations or other terms which may apply to our website or any content on it, whether express or implied.
We will not be liable to any website user for any loss or damage, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable, arising under or in connection with:
use of, or inability to use, our website; oruse of or reliance on any content displayed on our website.
If you are a business user, please note that in particular, we will not be liable for:
loss of profits, sales, business, or revenue;business interruption; loss of anticipated savings; loss of business opportunity, goodwill or reputation; or any indirect or consequential loss or damage.
If you are a consumer user, please note that we only provide our website for domestic and private use. You agree not to use our website for any commercial or business purposes, and we have no liability to you for any loss of profit, loss of business, business interruption, or loss of business opportunity. We will not be liable for any loss or damage caused by a virus, distributed denial-of-service attack, or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our website or to your downloading of any content on it, or on any website linked to it.
This website may contain links to other websites. We assume no responsibility for the content of websites linked on our website. Such links should not be interpreted as endorsement by us of those linked websites. We will not be liable for any loss or damage that may arise from your use of them.
Different limitations and exclusions of liability will apply to liability arising as a result of the supply of any products or services by us to you, which will be set out in the relevant product or service terms and conditions.
Viruses, hacking and other offencesYou are responsible for configuring your information technology, computer programs and platform in order to access our site. You should use your own virus protection software.
You must not misuse our site by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to our site, the server on which our site is stored or any server, computer or database connected to our site. You must not attack our site via a denial-of-service attack or a distributed denial-of service attack. By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our site will cease immediately.
We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of the site or to your downloading of any material posted on it, or on any website linked to it.
Linking to our websiteYou may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it.
You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.
You must not establish a link to our website in any website that is not owned by you.
Our website must not be framed on any other website, nor may you create a link to any part of our website other than the home page.
We reserve the right to withdraw linking permission without notice.
Third party links and resources in our websiteWhere our website contains links to other websites and resources provided by third parties, these links are provided for your information only.
We have no control over the contents of those websites or resources and accept no responsibility for them or for any loss or damage that may arise from your use of them.
All rights in the “FTSE Indices” (the “Indices”) vest in the relevant LSE Group company which owns the Index. “FTSE®” is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license.
The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by Royal London Asset Management.
None of the MSCI parties has any obligation to take the needs of the issuer or owners of [these funds] or any other person or entity into consideration in determining, composing or calculating the MSCI indexes. None of the MSCI parties is responsible for or has participated in the determination of the timing of, prices at, or quantities of [these funds] to be issued or in the determination or calculation of the equation by or the consideration into which [these funds are] redeemable. Further, none of the MSCI parties has any obligation or liability to the issuer or owners of [these funds] or any other person or entity in connection with the administration, marketing or offering of [these funds].
Although MSCI shall obtain information for inclusion in or for use in the calculation of the MSCI indexes from sources that MSCI considers reliable, none of the MSCI parties warrants or guarantees the originality, accuracy and/or the completeness of any MSCI index or any data included therein. None of the MSCI parties makes any warranty, express or implied, as to results to be obtained by the issuer of the fund, owners of the fund, or any other person or entity, from the use of any MSCI index or any data included therein. None of the MSCI parties shall have any liability for any errors, omissions or interruptions of or in connection with any MSCI index or any data included therein. Further, none of the MSCI parties makes any express or implied warranties of any kind, and the MSCI parties hereby expressly disclaim all warranties of merchantability and fitness for a particular purpose, with respect to each MSCI index and any data included therein. Without limiting any of the foregoing, in no event shall any of the MSCI parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
ICE data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Royal London Mutual Insurance Society Limited and/or its subsidiary companies, or any of its products or services.
The “SONIA” mark is used under licence from the Bank of England (the benchmark administrator of SONIA), and the use of such mark does not imply or express any approval or endorsement by the Bank of England. “Bank of England” and “SONIA” are registered trade marks of the Bank of England.
check this box to confirm you have read, understood and accept these terms and conditions, and that you are a professional or qualified investor in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Portugal, Singapore, Sweden or Switzerland.
If this does not apply to you, go back to our homepage