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We’re making changes to the following funds:
• SL Jupiter Corporate Bond Pension Fund (fund code – 1C)
• SL Jupiter Corporate Bond Life Fund (fund code – LX)
What's happening?
Jupiter, who manage the underlying fund into which your Standard life fund invests, is making changes to how it operates the Jupiter Corporate Bond fund. The investment policy of the Jupiter fund is being updated to widen its use of an investment strategy, known as derivatives, to now allow for investment returns.
Standard Life is updating the fund descriptions of our funds along with these changes, as you can see in the table at the bottom of the page.
We’ll soon be updating all of our websites and literature to reflect the new fund descriptions from July 2023.
What does this mean for my clients?
If they’re invested in these funds, we’ll write to them about these changes. However, they don’t need to do anything – we’re just letting them know for their information.
Please speak to your Standard Life Account Manager for more information.
Jupiter fund descriptions
SL Jupiter Corporate Bond Pension Fund (fund code – 1C)
| Current fund description | New fund description |
|---|---|
|
The SL Jupiter Corporate Bond Pension Fund invests primarily in the Jupiter Corporate Bond Fund. The aim of the Jupiter Corporate Bond Fund is summarised below. The Fund objective is to provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the IA £ Corporate Bond Sector average over the long term (at least five years). 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 Jupiter Corporate Bond Pension Fund invests primarily in the Jupiter Corporate Bond Fund. The aim of the Jupiter Corporate Bond Fund is summarised below. To provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the ICE BofA Sterling Non-Gilt Index over the long term (at least five years). The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in. |
SL Jupiter Corporate Bond Life Fund (fund code – LX)
| Current fund description | New fund description |
|---|---|
|
The SL Jupiter Corporate Bond Life Fund invests primarily in the Jupiter Corporate Bond Fund. The aim of the Jupiter Corporate Bond Fund is summarised below. The Fund objective is to provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the IA £ Corporate Bond Sector average over the long term (at least five years). 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 Jupiter Corporate Bond Life Fund invests primarily in the Jupiter Corporate Bond Fund. The aim of the Jupiter Corporate Bond Fund is summarised below. To provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the ICE BofA Sterling Non-Gilt Index over the long term (at least five years). The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in. |