Fund reporting hub
Scottish Widows Intermediary Platform
Managed Growth Funds
A straightforward range of five risk-profiled portfolios, globally diversified across equities, bonds and REITs and designed to help your clients achieve their retirement and investment goals.
Horizon Multi-Asset Funds
Five actively-managed multi-asset portfolios, designed to align with your client's chosen risk profile.
Horizon Multi-Asset Funds quarterly report (PDF, 440KB)
Retirement Account
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The Retirement Portfolio Funds (RPFs) use a Dynamic Volatility Management (DVM) process to reduce, or de-risk, equity exposure when equity volatility exceeds a threshold. This threshold is calculated as part of the DVM process. The summary below outlines the current position.
Current DVM threshold - 32.48%
The DVM threshold is dynamic. It is adjusted on a rolling basis looking at equity performance over the previous 52 weeks. Strong performance increases the threshold as we believe the fund will be able to tolerate more volatility after a period of growth. Equity-related losses reduce the threshold so de-risking starts earlier.
Current level of recent volatility as measured by DVM - 11.06%
Recent equity volatility is used as the indicator of when the DVM threshold is exceeded. Recent equity volatility is measured over the previous 180 weeks to avoid reacting to short-lived spikes. The most recent 13 weeks are given more weight to reflect current market conditions.
Current percentage of RPF equity de-risked - 0.00%
If the volatility is below the threshold, no de-risking applies.
When DVM is triggered, the funds reduce equity progressively, depending on how far volatility is above the threshold. Equity exposure remains reduced until the volatility falls below the threshold. In extreme conditions, equity exposure could be reduced to zero for a time.
Sources for all data and calculations: Scottish Widows and Schroder Investment Management Limited as at 8 May 2026.
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2023 Asset Allocation Review report - Pension Portfolio Funds and Retirement Portfolio Funds (PDF, 864KB)
2021 Asset Allocation Review report - Pension Portfolio Funds and Retirement Portfolio Funds (PDF, 833KB)
2021 Asset Allocation Review report - Premier Pension Portfolio funds (PDF, 2MB)
2020 Asset Allocation Review report - Pension Portfolio & Retirement Portfolio Funds (PDF, 2MB)
Workplace clients
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2023 Asset Allocation Review report - Pension Investment Approaches (PDF, 2MB)
2021 Asset Allocation Review report - Pension Investment Approaches (PDF, 1MB)
2020 Asset Allocation Review report - Pension Investment Approaches (PDF, 2MB)