Probity, the online fund governance service developed by Isle of Man-based Acuity Consultants, has announced three initial life company subscribers to sign up to its service, which officially launches 1 September.
Based in Ireland, the subscribers are: Aegon Scottish Equitable, Generali International and Standard Life International (SLI). Further life companies are set to begin using the service within the next few weeks with coverage of the UK market expected to reach 40% of the UK portfolio bond market in the near future, the company said. Probity provides the first systemised solution for life companies evaluating external fund links to their portfolio bond products from a governance perspective and assesses their suitability as policyholder assets. The funds are objectively assessed ...
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