The Aviva Investors UK Property Fund has been in the process of closing and the final redemption payment will be distributed by Aviva in January 2026.  

Standard Life will process this final payment and switch investments into the closest available alternative we have – the Standard Life Property Investment Life Fund (Fund code YR).  

Details of this change can be found in the table below  

If you would like to choose an alternative, please contact us before 7 January 2026.

Fund name  Replacement fund name

SL Aviva Investors UK Property Life Fund (fund code – 5F)

 Standard Life Property Investment Life Fund (fund code – YR)
Current total annual fund charge  Replacement total annual fund charge

2.00%

 2.43%
Current fund description New fund description

The SL Aviva Investors UK Property Life Fund invests primarily in the Aviva Inv UK Property Feeder Inc Fund. The aim of the Aviva Inv UK Property Feeder Inc Fund is summarised below. 

The Fund aims to provide a combination of income and growth through exposure to property. 

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 Fund aims to provide growth over the long term (5 years or more) by investing mainly in UK commercial property which could be a mix of freehold and leasehold properties selected from across the retail office, industrial and other sectors. The Fund may also invest in overseas commercial property markets, including emerging markets.  

The Fund can invest directly in commercial properties or indirectly through closed ended REITs, exchange traded funds and equities (company shares). It may also invest in other property investment vehicles such as quoted and unquoted property companies (which may be listed on stockmarkets). Additionally, the fund may hold short term government bonds, money market instruments and cash.  

Selling property or property-related investments can be a lengthy process, so you should be aware that there may be a significant delay before you can sell your investment in the fund. You should also be aware that due to the size of the transaction costs associated with buying and selling commercial property the fund’s price may experience large movements – both rises and falls – if there are changes in the pricing basis of the fund. You can find out more about this in our Understanding unit-linked funds guide. 

The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than was paid in. The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. The sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.