Scottish Life has swapped providers for its two pension funds after a governance review, Professional Pensions reports. As per the move, the underlying investment within the Scottish Life U.K. Mid Cap Specialist Pension Fund will be changed from the Schroder U.K. Mid 250 to Franklin U.K. Mid Cap Fund. The underlying investment within the Scottish Life U.S. Core Plus Pension Fund will shift from Investec American to Fidelity American. The change, which occurred mainly due to underperformance of Schroder U.K. Mid 250 and Investec American, will take place on November 14.

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