Royal London, the UK's largest mutual life, pensions and investment company, with funds under management of £117bn (€136bn) as of June last year, has appointed JB Beckett to its Investment Advisory Committee (IAC)
The IAC constitutes five pensions and investment experts and representatives from the Royal London Group and Royal London Asset Management. There are three independent members, including Beckett, who replaces Colin Taylor - departing after eight years on the Committee.
The IAC meets regularly to review the group's risk graded Governed Portfolios and fund range, including looking at whether the funds have the best blend of assets to meet customer objectives. The Committee operates independently of Royal London Asset Management, which is itself responsible for daily running of the underlying funds in the portfolios.
Beckett previously worked at Scottish Widows from 1996 as a fund selector, including the £190bn (€221bn) Scottish Widows/LBG L&P platform for institutional, wealth and retail assets, as well as leading the responsible investing framework. in 2018 he was involved in assessing managers for the largest ever single asset tender - £109bn (€127bn) - across assets and led the ESG assessment of the winning managers.
Previously, he worked at wealth manager JRG Financial, Franklin Templeton, Standard Life and Barclays Wealth. He is also Emeritus for the Association of Professional Fund Investors (APFI) having previously been a member of the board, leading a global team in best practice in professional fund investing.
He is on a number of advisory boards including the Transparency Task Force and Stirling University Investment Managed Fund. He is also an independent non-executive director for asset managers.
Beckett said: "I am honoured to be joining Royal London's IAC; a chance to use my fund governance experience. Moreover it is an opportunity to support a progressive agenda of sustainability, technology advancement and great customer outcomes. I look forward to supporting more businesses through the New Fund Order, as a non executive."
Lorna Blyth, head of investment solutions at Royal London Intermediary, said: "It is great news to be able to welcome someone of JB's experience to the committee - his experience both as a fund selector and his work on responsible investing will make a valuable contribution. His appointment allows us to maintain a strong independent presence on the committee and we very much look forward to working with him."