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What's changed?
abrdn are simplifying their fund range and these underlying funds have been selected for closure.
As a result, we’re closing our funds which invest in these funds and switching your investments to a suitable alternative. Details of your new fund(s) and your current and new Total Annual Fund Charges (TAFC) can be found further down the page.
These changes will take effect from 1 June 2023.
We’ve chosen to replace it with the SL Janus Henderson Multi-Manager Managed Life Fund (Fund code – 5D).
You can see details of the original, updated and replacement fund names and fund codes further down the page.
What does this mean for my client if they’re invested in this fund?
- We’ve suspended transactions into this fund for single payments, transfers in and switches from other funds
- We’ll accept any contractually agreed regular payments into your fund until 1 June 2023
- Any regular contributions received on or after 1 June 2023 will be switched into the new fund and all future contributions will be redirected into this fund
- If it isn’t possible to redirect contributions to the new fund, then we’ll invest any payments proportionally across other existing funds
- Any contributions invested across other funds will remain invested there and won’t be affected
Does my client need to do anything?
They don’t need to do anything as a result of these changes.
However, if they’re paying regular contributions and would prefer us to direct these into a different fund, they can do this online or by contacting us by 26 May 2023.
Further details of these funds and alternative funds can be found on our investment funds and options page.
If we don’t hear from your client, we'll go ahead with the switch. Once the switch has taken place, we'll let your client know. Of course, they can always change their investments at a later date.
If you need more information, please speak to your Standard Life Account Manager.
| Current Fund Name Details | New Fund Details |
|---|---|
| Fund Name (Fund Code) | Fund Name (Fund Code) |
| SL abrdn Multi-Manager Cautious Managed Portfolio Life Fund (Fund code – 9B). | SL Janus Henderson Multi-Manager Managed Life Fund (Fund code – 5D). |
| Total Annual Fund Charge | Total Annual Fund Charge |
| 2.5% | 2.51% |
| Fund Description | New Fund Description |
|
The SL abrdn Multi-Manager Cautious Managed Portfolio Life Fund invests primarily in the abrdn Multi Manager Cautious Managed Portfolio Fund. The aim of the abrdn Multi Manager Cautious Managed Portfolio Fund is summarised below. To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. Performance Target: To exceed the IA Mixed Investment 20-60% Shares Sector Average return over one year (after charges). The Performance Target is the level of performance the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Manager believes this is an appropriate target for the fund based on the investment policy of 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. |
The SL Janus Henderson Multi-Manager Managed Life Fund invests primarily in the Janus Henderson Multi- Manager Managed Fund. The aim of the Janus Henderson Multi-Manager Managed Fund is summarised below. The Fund aims to provide capital growth. The Fund invests in Collective Investment Schemes (funds that invest in shares, bonds and other securities from the UK and elsewhere and includes Exchange Traded Funds). The Fund may also invest in unregulated Collective Investment Schemes (including limited partnerships), money market instruments and bank deposits. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently. The Fund will limit its exposure to shares/equities to between 40% and 85%. 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 Details | New Fund Details |
|---|---|
| Fund Name (Fund Code) | Fund Name (Fund Code) |
| SL abrdn Multi-Manager Cautious Managed Portfolio Life Fund S2 (Fund code – 9B). | SL Janus Henderson Multi-Manager Managed Life Fund S2 (Fund code – 5D). |
| Total Annual Fund Charge | Total Annual Fund Charge |
| 3.01% | 3.01% |
| Fund Description | New Fund Description |
|
The SL abrdn Multi-Manager Cautious Managed Portfolio Life Fund invests primarily in the abrdn Multi Manager Cautious Managed Portfolio Fund. The aim of the abrdn Multi Manager Cautious Managed Portfolio Fund is summarised below. To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. Performance Target: To exceed the IA Mixed Investment 20-60% Shares Sector Average return over one year (after charges). The Performance Target is the level of performance the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Manager believes this is an appropriate target for the fund based on the investment policy of 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. |
The SL Janus Henderson Multi-Manager Managed Life Fund invests primarily in the Janus Henderson Multi- Manager Managed Fund. The aim of the Janus Henderson Multi-Manager Managed Fund is summarised below. The Fund aims to provide capital growth. The Fund invests in Collective Investment Schemes (funds that invest in shares, bonds and other securities from the UK and elsewhere and includes Exchange Traded Funds). The Fund may also invest in unregulated Collective Investment Schemes (including limited partnerships), money market instruments and bank deposits. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently. The Fund will limit its exposure to shares/equities to between 40% and 85%. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |