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We’re updating the names and descriptions of the following funds:
- SL abrdn UK Growth Equity Pension Fund (fund code – BL)
- SL abrdn UK Growth Equity Life Fund (fund code – J1)
These funds invest in underlying funds which are managed by abrdn. They’ve told us they’re changing the names and descriptions of their funds. As a result, we’ll also make the same changes to our funds.
When will this happen?
These changes will take effect from 3 March 2023.
What does this mean for my clients?
If they’re invested in these funds, we will write to them soon about changes. They don’t need to do anything as a result of these changes.
| Current fund name | New fund name |
| SL abrdn UK Growth Equity Pension Fund | SL abrdn UK Sustainable and Responsible Investment Equity Pension Fund |
| Current fund description | New fund description |
|
The SL abrdn UK Growth Equity Pension Fund invests primarily in the abrdn UK Growth Equity Fund. The aim of the abrdn UK Growth Equity Fund is summarised below. The fund aims to provide long term growth by investing in a concentrated portfolio of shares of companies listed on the UK stock market. The fund is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
The SL abrdn UK Sustainable and Responsible Investment Equity Pension Fund invests primarily in the abrdn UK Sustainable and Responsible Investment Equity Fund. The aim of the abrdn UK Sustainable and Responsible Investment Equity Fund is summarised below. The fund aims to provide growth over the long term (5 years or more) by investing at least 70% in equities (company shares) and equity related securities of companies, incorporated or domiciled in the UK or companies having significant operations and/or exposure to the UK, which adhere to the abrdn Sustainable and Responsible Investment Equity Approach. The fund is actively managed and may also invest in other funds (including those managed by abrdn), money-market instruments and cash. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
| Current fund name | New fund name |
| SL abrdn UK Growth Equity Life Fund | SL abrdn UK Sustainable and Responsible Investment Equity Life Fund |
| Current fund description | New fund description |
|
The SL abrdn UK Growth Equity Life Fund invests primarily in the abrdn UK Growth Equity Fund. The aim of the abrdn UK Growth Equity Fund is summarised below. The fund aims to provide long term growth by investing in a concentrated portfolio of shares of companies listed on the UK stock market. The fund is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
The SL abrdn UK Sustainable and Responsible Investment Equity Life Fund invests primarily in the abrdn UK Sustainable and Responsible Investment Equity Fund. The aim of the abrdn UK Sustainable and Responsible Investment Equity Fund is summarised below. The fund aims to provide growth over the long term (5 years or more) by investing at least 70% in equities (company shares) and equity related securities of companies, incorporated or domiciled in the UK or companies having significant operations and/or exposure to the UK, which adhere to the abrdn Sustainable and Responsible Investment Equity Approach. The fund is actively managed and may also invest in other funds (including those managed by abrdn), money-market instruments and cash. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
If you need more information, please get in contact with your Standard Life Account Manager
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