Royal London Governed Portfolio

Spivo46

Governed Portfolio Growth (B) vs GRIP 5 (A) - I would be very interested to hear your thoughts regarding the choice between having your pension funds in one or the other. they appear to be very similar? Why have these x2 very close variants?

dunstonh

and here is a longer period (Grip 5 A/green & GPGrowth B red)

They are similar in that they cover the same risk profiles and have some overlaps. However, GRIP tilts toward yielding assets and more diversified assets (e.g., commodities and absolute return).

Marcon

If you look at the info on the RL website, there's comprehensive information there which both answers your question and gives a lot more detail if you need/would like it: https://adviser.royallondon.com/globalassets/docs/shared/investment/br5pd0001-our-governed-retirement-income-portfolios.pdf

Spivo46

https://forums.moneysavingexpert.com/discussion/comment/81878793#Comment_81878793

Thank you - are you sure these are correct, they contradict my original graph that indicates GP Growth outperforms GRIP?

dunstonh

https://forums.moneysavingexpert.com/discussion/comment/81880778#Comment_81880778

I just looked again and that is what FE is showing:

The period from May 2025 matches yours and has GP above GRIP

You need to make sure you are looking at the right versions.

RLP is the version used for pensions and has history going back to 2009 for GP and 2012 for GRIP.

RLI is the version used for ISAs. RLI was a new fund launch in May 2025.

The pension funds are bundled. The ISA is unbundled. This is why the RLI version has better performance than the RLP. However, while there are no additional charges for the RLP version, the RLI will incur a provider charge on top which will (depending on the charging tier) wipe out the difference.

There is currently a naming error on FE: fund names are inconsistent in some cases (e.g., B shows RLP-RLI when it should show RLI, as in the same way as D).

Spivo46

I really appreciate the information - thank you.

I have started retirement and think GRIP5 may be the better option, given that the past returns have been marginal