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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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