What’s changing?

Following a fund review, we’ve decided to close the SL CT MM Navigator Distribution Life Fund. 

As a result, we’ve placed a suspension on the SL CT MM Navigator Distribution Life Fund and we’ll be closing our fund from 12 September 2024.  

We’ve chosen to replace it with the SL Invesco Distribution Life Fund (Fund Code – LW) as it’s the closest suitable alternative we have. 

You can see details of the original, updated and replacement fund names, fund codes descriptions at the bottom of this page. 
 

What does this mean for my client if they’re invested in this fund? 

  • We’ve suspended transactions into this fund for single payments, transfers in and switches from other funds
     

  • We’ll accept any contractually agreed regular payments into their fund until 29 August 2024
     

  • Any regular contributions received on or after 29 August 2024 will be switched into the new fund and all future contributions will be redirected into this fund 
     

  • All of the money they’ve invested in the SL CT MM Navigator Distribution Life Fund will be switched into the SL Invesco Distribution Life Fund (Fund Code – LW). We expect this switch to take place from 29 August 2024  
     

  • If it isn’t possible to redirect their contributions to the new fund, we’ll invest any payments proportionally across their other existing funds
     

  • Any contributions invested across their other funds will remain invested there and won’t be affected 
     

Does my client need to do anything?

They don’t need to do anything as a result of these changes.  

If they’d prefer to choose a different investment option, they can do this online or by contacting us before 16 August 2024

Further details of these funds and alternative funds can be found by visiting our Investment funds and options page. 

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. Of course, they can always change their investments at a later date. If you need more information, please speak to your Standard Life Account Manager. 
 

Current fund name New fund name

SL CT MM Navigator Distribution Life Fund
(fund code – 0P) 

SL Invesco Distribution Life Fund
(fund code – LW) 
Current fund description New fund description

The SL CT MM Navigator Distribution Life Fund invests primarily in the CT MM Navigator Distribution Fund. The aim of the CT MM Navigator Distribution Fund is summarised below. 
 
The Fund aims to achieve an income return, with some capital growth. 
 
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 Invesco Distribution Life Fund invests primarily in the Invesco Distribution (UK) Fund. The aim of the Invesco Distribution (UK) Fund is summarised below. 
 
The objective of the Fund is to achieve a combination of income and capital growth over the medium to long term. The Fund invests primarily in corporate and government fixed interest and other debt securities (which may be sub-investment grade or have no credit rating) and shares of companies globally. The Fund may use derivatives (complex instruments) and other financially linked instruments in order to meet the Fund’s investment objective and to reduce risk, minimise costs and/or generate additional capital or income. The Fund is actively managed within its objectives and is not constrained by a benchmark. 
 
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 information on this site is for qualified financial advisers and must not be relied on by anyone else. If you are not an adviser please go to our customer website for more information about our products and services.