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We’re updating the names and descriptions of the following funds:
- SL abrdn UK Opportunities Equity Pension Fund (fund code – K6)
- SL abrdn UK Opportunities Equity Life Fund (fund code – L0)
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 24 February 2023.
It’s always our aim to provide prior notice of fund changes but sometimes the time available before the effective date doesn’t allow us to do this. We’re sorry we couldn’t let you know about this in advance.
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 Opportunities Equity Pension Fund | SL abrdn UK Mid-Cap Equity Pension Fund |
| Current fund description | New fund description |
|
The SL abrdn UK Opportunities Equity Pension Fund invests primarily in the abrdn UK Opportunities Equity Fund. The aim of the abrdn UK Opportunities Equity Fund is summarised below. The Fund aims to provide long term growth by investing predominantly in the shares of small and medium sized companies listed on the UK stock market. The fund may also invest in larger UK companies. 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 Mid-Cap Equity Pension Fund invests primarily in the abrdn UK Mid-Cap Equity Fund. The aim of the abrdn UK Mid-Cap Equity Fund is summarised below. The Fund aims to provide growth over the longer term (5 years or more) by investing at least 60% in the shares of medium sized companies listed, incorporated, or domiciled in the UK or companies that derive a significant proportion of their revenues or profits from UK operations or have a significant proportion of their assets there. The fund is actively managed and may also invest in smaller and larger capitalisation companies listed, incorporated, or domiciled in the UK. The fund 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 Opportunities Equity Life Fund | SL abrdn UK Mid-Cap Equity Life Fund |
| Current fund description | New fund description |
|
The SL abrdn UK Opportunities Equity Life Fund invests primarily in the abrdn UK Opportunities Equity Fund. The aim of the abrdn UK Opportunities Equity Fund is summarised below. The Fund aims to provide long term growth by investing predominantly in the shares of small and medium sized companies listed on the UK stock market. The fund may also invest in larger UK companies. 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 Mid-Cap Equity Life Fund invests primarily in the abrdn UK Mid-Cap Equity Fund. The aim of the abrdn UK Mid-Cap Equity Fund is summarised below. The Fund aims to provide growth over the longer term (5 years or more) by investing at least 60% in the shares of medium sized companies listed, incorporated, or domiciled in the UK or companies that derive a significant proportion of their revenues or profits from UK operations or have a significant proportion of their assets there. The fund is actively managed and may also invest in smaller and larger capitalisation companies listed, incorporated, or domiciled in the UK.
The fund 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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