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We’re changing the fund descriptions for some of our funds
We’re making changes to the fund descriptions for some of the funds your clients may be invested in.
What will be changing?
We’ve updated the wording in the fund descriptions to give us more flexibility in how we will be able to manage these funds on your clients’ behalf. This includes being able to:
- Use a greater variety of investment approaches such as actively managed funds as well as passively managed ones
- Use a wider choice of investments
When will this happen?
These changes will take effect from August 2023.
What does this mean for my clients?
If they’re invested in these funds, we will write to them about changes. They don’t need to do anything as a result of these changes.
What funds are impacted?
You can find a summary of all the funds affected in the table below:
| Fund code | Fund name | Old fund description | New fund description |
|---|---|---|---|
| FN | Standard life UK Equity Pension Fund | The fund aims to provide long term growth and is designed for investors who are looking for exposure to the UK equity market by investing in a diversified portfolio of UK equity assets. The fund invests predominantly in the shares of large and medium sized companies listed on the UK stock markets and is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay 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 goal of this Fund is to achieve long-term growth by primarily investing in the shares of companies listed on the UK stock market. It does this by investing directly in shares or indirectly through other funds. These funds are not restricted to a particular fund manager or investment strategy and can be passively and/or actively managed. These funds can change from time to time without notice, to ensure the Fund continues to meet its goal. You can learn about our investment beliefs and how we reflect them in our investment approach at standardlife.co.uk/investments 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 funds may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its investment objectives if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may fall or rise as a result of exchange rate fluctuations. |
| HR | Standard Life UK Equity Select Pension Fund | The fund aims to provide long term growth and is designed for investors who are looking for exposure to the North American equity markets. The fund invests predominantly in the shares of companies listed on the US stock markets and is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay 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. |
The goal of this Fund is to achieve long-term growth by investing predominantly in the shares of companies listed on North American stock markets. It does this by investing directly or indirectly through other funds. These funds are not restricted to a particular fund manager or investment strategy and can be passively and/or actively managed. These funds can change from time to time without notice, to ensure the Fund continues to meet its goal. You can learn about our investment beliefs and how we reflect them in our investment approach at standardlife.co.uk/investments 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 funds may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its investment objectives if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may fall or rise as a result of exchange rate fluctuations.
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| FK | Standard Life North American Equity Pension Fund | The fund aims to provide long term growth and is designed for investors who are looking for exposure to the North American equity markets. The fund invests predominantly in the shares of companies listed on the US stock markets and is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay 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. |
The goal of this Fund is to achieve long-term growth by investing predominantly in the shares of companies listed on North American stock markets. It does this by investing directly or indirectly through other funds. These funds are not restricted to a particular fund manager or investment strategy and can be passively and/or actively managed. These funds can change from time to time without notice, to ensure the Fund continues to meet its goal. You can learn about our investment beliefs and how we reflect them in our investment approach at standardlife.co.uk/investments 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 funds may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its investment objectives if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may fall or rise as a result of exchange rate fluctuations.
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| GZ | Standard Life Overseas Equity Pension Fund |
The fund aims to provide long term growth and is designed for investors who are looking for exposure to global (ex UK) equity markets. The fund invests predominantly in the shares of companies listed on the Global stock markets and is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
The goal of this Fund is to achieve long-term growth by primarily investing in the shares of companies listed on overseas stock markets. It does this by investing directly in shares or indirectly through other funds. These funds are not restricted to a particular fund manager or investment strategy and can be passively and/or actively managed. These funds can change from time to time without notice, to ensure the Fund continues to meet its goal. You can learn about our investment beliefs and how we reflect them in our investment approach at standardlife.co.uk/investments 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 funds may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its investment objectives if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may fall or rise as a result of exchange rate fluctuations.
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| FO | Standard Life International Equity Pension Fund | The fund aims to provide long term growth and is designed for investors who are looking for exposure to global equity markets. The fund invests predominantly in the shares of companies listed on the Global stock markets and is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay 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. |
The goal of this Fund is to achieve long-term growth by primarily investing in the shares of companies listed on Global stock markets. It does this by investing directly in shares or indirectly through other funds. These funds are not restricted to a particular fund manager or investment strategy and can be passively and/or actively managed. These funds can change from time to time without notice, to ensure the Fund continues to meet its goal. You can learn about our investment beliefs and how we reflect them in our investment approach at standardlife.co.uk/investments 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 funds may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its investment objectives if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may fall or rise as a result of exchange rate fluctuations. |
| HT | Standard Life Global Equity 50:50 Pension Fund |
The fund aims to provide long term growth by investing in a portfolio of UK and overseas equity assets. The proportions held in each component are decided after reviewing the prospects for each market and will vary from time to time around the long term strategic asset allocation of 50% in UK equities and 50% in overseas equities. Both the UK and overseas components are actively managed by our investment team to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
The goal of this Fund is to achieve long-term growth by primarily investing 50% in the shares of companies listed on the UK stock market and 50% in shares listed on overseas stock markets. It does this by investing directly in shares or indirectly through other funds. The proportions held in each component will vary from time to time around the long-term strategic asset allocation of 50% in UK equities and 50% in overseas equities. These funds are not restricted to a particular fund manager or investment strategy and can be passively and/or actively managed. These funds can change from time to time without notice, to ensure the Fund continues to meet its goal. You can learn about our investment beliefs and how we reflect them in our investment approach at standardlife.co.uk/investments 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 funds may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its investment objectives if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may fall or rise as a result of exchange rate fluctuations. |
| FX | Standard Life Global Equity Select 60:40 Pension Fund |
The fund aims to provide long term growth by investing in a portfolio of UK and overseas equity assets. The UK component is invested in the Standard Life UK Equity Select Fund which invests predominantly in a concentrated portfolio of shares of companies listed on the UK stock market. The overseas component is invested in the Standard Life Overseas Fund which invests predominantly in a concentrated portfolio of shares of companies listed on international stock markets (excluding the UK). The proportions held in each component are decided after reviewing the prospects for each market and will vary from time to time around the long term strategic asset allocation of 60% in UK equities and 40% in overseas equities. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
The goal of this Fund is to achieve long-term growth by primarily investing 60% in the shares of companies listed on the UK stock market and 40% in shares listed on overseas stock markets. It does this by investing directly in shares or indirectly through other funds. The proportions held in each component will vary from time to time around the long-term strategic asset allocation of 60% in UK equities and 40% in overseas equities. These funds are not restricted to a particular fund manager or investment strategy and can be passively and/or actively managed. These funds can change from time to time without notice, to ensure the Fund continues to meet its goal. You can learn about our investment beliefs and how we reflect them in our investment approach at standardlife.co.uk/investments 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 funds may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its investment objectives if this is permitted and appropriate. The Sterling value of overseas assets held in the Fund may fall or rise as a result of exchange rate fluctuations.
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