What’s happening?

Nordea is making changes to its fund name and its investment strategy. The fund name is changing to the SL Nordea Global Diversity Engagement Pension Fund (fund code-AKMM). The fund’s investment strategy will include a wider range of diversity and inclusion factors, with diversity engagement as its main focus. This fund will maintain a minimum proportion of 50% in sustainable investments, reducing from its current level of 85%.  

As a result of this, we’ll also make the same changes to our fund. These changes will take effect from 31 August 2023.

What does this mean for my clients?

If they’re invested in this fund, we’ll write to them about these changes. However, they don’t need to do anything, we’re just letting them know about this change.

Please speak to your Standard Life Account Manager for more information.

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