Following a regular review of our investment offering, we’ve decided to close SL AXA Distribution Life Fund (fund code – 63).

As a result, we’ve placed a suspension on this fund, and we’ll be closing it from 22 May 2026.

We’ve chosen to replace the fund with the closest suitable alternative we have. You can see details of the current and replacement fund names and fund codes in the table below.

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

Current fund name Replacement fund name
SL AXA Distribution Life Fund (fund code – 63) Standard Life Distribution Life Fund (fund code – F5)
Current total annual fund charge Replacement total annual fund charge

2.39%

1.59%

The SL AXA Distribution Life Fund invests primarily in the AXA Distribution Fund. The aim of the AXA Distribution Fund is summarised below.

The aim of this Fund is to achieve income and capital growth over a period of 5 years or more. 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 provide long term growth from a combination of income and capital growth by investing in a diversified portfolio of predominantly Sterling denominated assets. These assets can include equities, bonds, property, cash deposits and money market instruments. The fund is actively managed by our investment team who will select assets to try to take advantage of opportunities they have identified.

This fund provides the facility to take a distribution which is declared twice a year.

The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in.
The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate.
The Sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.