We’re closing the SL abrdn MyFolio Income Life and Pension Funds:

  • SL abrdn MyFolio Monthly Income II Pension Fund (fund code - JJMM)
  • SL abrdn MyFolio Monthly Income III Pension Fund (fund code - AAMJ)
  • SL abrdn MyFolio Monthly Income IV Pension Fund (fund code - LLNP)
  • SL abrdn MyFolio Monthly Income II Life Fund (fund code - BBKM)
  • SL abrdn MyFolio Monthly Income III Life Fund (fund code - NNKG)
  • SL abrdn MyFolio Monthly Income IV Life Fund (fund code - JJHC)


These funds invest in underlying funds which are managed by abrdn.

What's happening? 

abrdn are simplifying their fund range and these underlying funds have been selected for closure. As a result, we’re closing our funds which invest in these funds and switching investments to a suitable alternative. 

Details of the new fund(s) and the current and new Total Annual Fund Charges (TAFC) can be found below.

These changes will take effect from 6 April 2023.

What does this mean for my client if they're invested in these funds?

  • We’ve suspended transactions into their current fund(s) for single payments, transfers in and switches from other funds
  • We’ll accept any contractually agreed regular payments into their current fund(s) until 6 April 2023
  • Any regular contributions received on or after 6 April 2023 will be switched into their new fund(s), and all future contributions will be redirected into their new funds
  • If it isn’t possible to redirect contributions to their new fund(s), we’ll invest any payments proportionally across their other existing fund(s)
  • Any contributions invested across their other funds will remain invested there and will not be affected
     

Does my client need to do anything? 

They don’t need to do anything if they’re happy with the switch. If they don’t think this switch is right for them and wish to choose another alternative fund, they can contact us online or by phone before 31 March 2023.

If we don’t hear from your client, we'll go ahead with the switch. Once the switch has taken place, we'll let your client know.

If you need more information, please speak to your Standard Life Account Manager.

SL abrdn MyFolio Monthly income Pension Funds

Pension products Series 3 : eg GPPLE, GAVC, CIMP

Current fund name Current TAFC New fund name New TAFC New fund factsheet

SL abrdn MyFolio Monthly Income II Pension Fund

1.73% SL abrdn MyFolio
Multi-Manager II Pension Fund
1.65% standardlife.co.uk/factsheet-AADC

Pension products Series 4: eg GFRP, AMPP, GSIPP

Current fund name Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income II Pension Fund 1.73% Standard Life Sustainable Focus 3 Pension Fund 0.99% standardlife.co.uk/factsheet-IABB

Pension products Series 3 : eg GPPLE, GAVC, CIMP

Current fund name Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income III Pension Fund 1.79% SL abrdn MyFolio
Multi-Manager III Pension Fund
1.74% standardlife.co.uk/factsheet-MMKF

Pension products Series 4 : eg GFRP, AMPP, GSIPP

Current fund name Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income III Pension Fund 1.79% Standard Life Sustainable Focus 4 Pension Fund 0.99% standardlife.co.uk/factsheet-IDEC

Pension products Series 3 : eg GPPLE, GAVC, CIMP

Current fund name Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income IV Pension Fund 1.92% SL abrdn MyFolio
Multi-Manager IV Pension Fun
1.81% standardlife.co.uk/factsheet-BBJP

Pension products Series 4 : eg GFRP, AMPP, GSIPP

Current fund name Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income IV Pension Fund 1.92% Standard Life Sustainable Focus 5 Pension Fund 0.99% standardlife.co.uk/factsheet-EBLG


SL abrdn MyFolio Monthly Income Life Funds

Life Products Series 1: e.g. Capital Investment Bond Level, Tailored Investment Bond, Distribution Bond Level, Capital Investment Bond Stepped, Distribution Bond Stepped, FNW Onshore Bond

Current fund name Current TAFC New fund name  New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income II Life Fund 1.76% SL abrdn MyFolio
Multi-Manager II Life Fund
1.68% standardlife.co.uk/factsheet-BBAJ

Life Products Series 2: e.g. Capital Investment Bond Stepped, Distribution Bond Stepped

Current fund name  Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income II Pension Fund 2.26% SL abrdn MyFolio Multi-Manager II
Pension Fund
2.18% standardlife.co.uk/factsheet-BBAJ


Life Products Series 1: e.g. Capital Investment Bond Level, Tailored Investment Bond, Distribution Bond Level, Capital Investment Bond Stepped, Distribution Bond Stepped, FNW Onshore Bond

Current fund name Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income III Life Fund 1.82% SL abrdn MyFolio Multi-Manager III Life Fund 1.77% standardlife.co.uk/factsheet-NNLG

Life Products Series 2: e.g. Capital Investment Bond Stepped, Distribution Bond Stepped

Current fund name  Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio Monthly Income III Life Fund 2.32% SL abrdn MyFolio
Multi-Manager III Life Fund
2.27% standardlife.co.uk/factsheet-NNLG


Life Products Series 1: e.g. Capital Investment Bond Level, Tailored Investment Bond, Distribution Bond Level, Capital Investment Bond Stepped, Distribution Bond Stepped, FNW Onshore Bond

Current fund name Current TAFC New fund name New TAFC New fund factsheet
SL abrdn MyFolio
Multi-Manager
IV Fund
1.95% SL abrdn MyFolio
Multi-Manager IV Fund
1.84% standardlife.co.uk/factsheet-NNBA


Life Products Series 2: e.g. Capital Investment Bond Stepped, Distribution Bond Stepped

Current fund name  Current TAFC New fund name New TAFC New fund factsheet 
SL abrdn MyFolio
Multi-Manager IV Fund
2.45% SL abrdn MyFolio
Multi-Manager IV Fund
2.34% standardlife.co.uk/factsheet-NNBA

 

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