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Following a regular review with Schroders, Standard Life has decided that we’re closing the following funds:
- SL Schroder UK Alpha Plus Life Fund (fund code – 5N)
SL Schroder UK Alpha Plus 2 Life Fund (fund code – AAPH)
As a result, we’ll be placing a suspension on the funds, and closing them from 17 September 2026.
We’ve chosen to replace these funds with the closest suitable alternative available. You can see details of the current and replacement fund names and fund descriptions in the tables below.
We’ll be updating our fund factsheets to reflect these changes. These will be available on standardlife.co.uk/funds once updated.
| Current fund name | Replacement fund name |
|---|---|
| SL Schroder UK Alpha Plus Pension Fund (fund code – 5N) | SL Fidelity Special Situations Pension Fund (fund code – K7) |
| Current fund description | Replacement description |
|
The SL Schroder UK Alpha Plus Pension Fund invests primarily in the Schroder UK Alpha Plus Fund. The aim of the Schroder UK Alpha Plus Fund is summarised below. The fund aims to provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a 3 to 5 year period by investing in equities of UK companies. 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 Fidelity Special Situations Pension Fund invests primarily in the Fidelity Special Situations Fund. The aim of the Fidelity Special Situations Fund is summarised below. The Fund aims to increase the value of your investment over a period of 5 years or more. The Fund will invest at least 70% in equities (and their related securities) of UK companies (those domiciled, incorporated or having significant business in UK and those which are listed in the UK). The Investment Manager will focus on companies it believes to be undervalued and whose recovery potential is not recognised by the market. It is not restricted in terms of size or industry. The Fund is actively managed without reference to a benchmark. The Fund may also invest into other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management and investment purposes. The Variable Share Class (WVMF) measures its performance relative to the index for the purposes of the Investment Management Charge calculation. The performance index does not influence investment decisions materially. The Fund's performance can be compared to the FTSE All Share (Gross Total Return) Index as the index constituents are representative of the type of companies the Fund invests in. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK Investment Managers), to facilitate comparison between funds with broadly similar characteristics. This Fund is classified in the IA UK All Companies sector. Performance data on funds within this sector may be prepared and published by data providers and will be used when evaluating the performance of this Fund. The IA sector most closely reflects the combination of assets in the Fund. The value of any investment can fall as well as rise and is not guaranteed - you may get back less than you pay in. |
| Current fund name | Replacement fund name |
|---|---|
| SL Schroder UK Alpha Plus 2 Pension Fund (fund code – AAPH) | SL Fidelity Special Situations Pension Fund (fund code – K7) |
| Current fund description | Replacement description |
|
The SL Schroder UK Alpha Plus 2 Pension Fund invests primarily in the Schroder UK Alpha Plus Fund. The aim of the Schroder UK Alpha Plus Fund is summarised below. The fund aims to provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a 3 to 5 year period by investing in equities of UK companies. 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 Fidelity Special Situations Pension Fund invests primarily in the Fidelity Special Situations Fund. The aim of the Fidelity Special Situations Fund is summarised below. The Fund aims to increase the value of your investment over a period of 5 years or more. The Fund will invest at least 70% in equities (and their related securities) of UK companies (those domiciled, incorporated or having significant business in UK and those which are listed in the UK). The Investment Manager will focus on companies it believes to be undervalued and whose recovery potential is not recognised by the market. It is not restricted in terms of size or industry. The Fund is actively managed without reference to a benchmark. The Fund may also invest into other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management and investment purposes. The Variable Share Class (WVMF) measures its performance relative to the index for the purposes of the Investment Management Charge calculation. The performance index does not influence investment decisions materially. The Fund's performance can be compared to the FTSE All Share (Gross Total Return) Index as the index constituents are representative of the type of companies the Fund invests in. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK Investment Managers), to facilitate comparison between funds with broadly similar characteristics. This Fund is classified in the IA UK All Companies sector. Performance data on funds within this sector may be prepared and published by data providers and will be used when evaluating the performance of this Fund. The IA sector most closely reflects the combination of assets in the Fund. The value of any investment can fall as well as rise and is not guaranteed - you may get back less than you pay in. |