Following a regular review of our investment offering, we’ve decided to close the SL SVS Levitas A Pension Fund (fund code – MMMB) and the SL SVS Levitas B Pension Fund (fund code – EELB).

As a result, we’ve placed a suspension on these funds, and we’ll be closing them from 9 January 2026.

Details of these changes are shown in the table below.

We’ll be updating our fund factsheets to reflect the new name. These will be available on standardlife.co.uk/funds once updated.

Current fund name Replacement fund name
SL SVS Levitas A Pension Fund (fund code – MMMB) Standard Life Stock Exchange Pension Fund (fund code – FB)
Current total annual fund charge Replacement total annual fund charge
1.82% 1.03%
Current fund description Replacement fund description
The SL SVS Levitas A Pension Fund invests primarily in the SVS Levitas A Fund. The aim of the SVS Levitas A Fund is summarised below.

The Fund aims to provide capital growth over the longer term (being at least 5 years). The Fund will invest at least 70% in a variety of collective investment schemes (open and closed ended funds) that will have exposure to fixed income (including government and corporate bonds) and other asset types that will act defensively in certain market conditions (including but not limited to exchange traded commodities, convertible bond funds, hedge fund strategies, property and private equity) and with some exposure to shares of companies from anywhere in the world, in any sector and of any market capitalisation. The allocation to these underlying assets will vary according to market conditions in order to provide an overall defensive investment mixture of income generating assets.

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 goal of this Fund is to achieve long-term growth by predominantly investing in the shares of companies listed on global stock markets. The fund will typically have a higher allocation to UK equities and may invest a proportion in money market instruments. It does this by investing in 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.

The Fund will invest in line with our policy on Responsible Investing. Further details can be found in the fund factsheets on the Standard Life website, standardlife.co.uk. More information on our approach to Responsible Investment can be found on the Standard Life website.

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.
Current fund name Replacement fund name
SL SVS Levitas B Pension Fund (fund code – EELB) Standard Life Future Advantage 1 Pension Fund (fund code – MJMN)
Current total annual fund charge Replacement total annual fund charge
1.84% 1.01%
Current fund description Replacement fund description
The SL SVS Levitas B Pension Fund invests primarily in the SVS Levitas B Fund. The aim of the SVS Levitas B Fund is summarised below.

The Fund aims to provide capital growth over the longer term (being at least 5 years). The Fund will invest at least 70% in a variety of collective investment schemes (open and closed ended funds) that will have exposure to fixed income (including government and corporate bonds) and other asset types that will act defensively in certain market conditions (including but not limited to exchange traded commodities, convertible bond funds, hedge fund strategies, property and private equity) and with some exposure to shares of companies from anywhere in the world, in any sector and of any market capitalisation. The allocation to these underlying assets will vary according to market conditions in order to provide an overall defensive investment mixture of income generating assets.

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 deliver long-term growth through a risk-managed investment approach. It is part of the Future Advantage range, which offers five different combinations of investment risk and return.

This Fund is intended to be the lowest risk fund in the range. It will invest predominantly in lower risk investments such as money market instruments and certain types of bonds (loans to a government or a company), and a lower amount in higher risk investments such as equities (company shares) and property. It may also invest in alternatives and other unlisted assets. This may suit you if you have a conservative approach to investing and only want to take a limited amount of risk and expect to achieve only modest or relatively stable returns.

The Fund will invest through other funds, selected from across the industry. These funds and the amounts invested in each may change from time to time to ensure we meet the long term aims of the Fund. The investments in these funds can be from around the world, including from emerging markets and could be passively or actively managed.

Some of these funds may use strategies that take into account responsible investment issues which could impact investment performance and may exclude certain types of company that don't meet specific responsible investing criteria. Further details can be found on www.standardlife.co.uk/investments/understanding-responsible-investment.

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.

The charges shown in the tables above are the effective total annual fund charges before any applicable discount has been taken into account. Charges are not guaranteed – they are regularly reviewed and may change in the future.