We are expecting to receive the ninth and final payment from M&G which we will be passing on to customers shortly after. Those customers invested in the impacted funds will have their payments added to their plans in the following replacement funds:
We will be issuing a letter to customers shortly after the units have been added to plans.
We’re updating customers on a change to some of the replacement funds previously communicated in relation to the Aviva Investors UK Property Feeder payments. We will not use the Deposit fund or abrdn Real Estate fund previously communicated for the OMR funds.
The replacement funds will be as follows:
• OMR Aviva UK Property Feeder → OMR L&G Property Feeder
• OMR Prof Aviva UK Property Feeder → OMR Prof L&G Property Feeder
• Aviva Investors UK Property Feeder (Life & Pension) → L&G Property Feeder.
Any forthcoming payment received from Aviva will be added to customers’ plans using the replacement funds above. No action is required. Customers will receive a letter once units have been added to their plans. This will then close the above Aviva Funds.
Default Replacement Fund: OMR Emerging Market Debt Unconstrained
Closing Fund TER: 1.26%
Default Replacement Fund TER: 0.37%
Objective of Default Replacement Fund: The OMR Emerging Market Debt Unconstrained invests in the PUTM Bothwell Emerging Market Debt Unconstrained Fund (the ‘Fund’) which aims to provide returns from capital appreciation and foreign currency movements by outperforming the benchmark (before fees) by 1.5% to 2.5% per annum over any given 3 year period. The benchmark is 50% JPM EMBI Global Diversified (US$) (EMD) and 50% JPM GBI-EM Global Diversified (US$) (EM LC D) (the “Composite Index”).
This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund. Customers will be invested in the new fund from 19/01/2025, but these changes may not be visible until up to two weeks following this date.
Default Replacement Fund: OMR Emerging Market Debt Unconstrained
Closing Fund TER: 1.37%
Default Replacement Fund TER: 0.37%
Objective of Default Replacement Fund: The OMR Emerging Market Debt Unconstrained invests in the PUTM Bothwell Emerging Market Debt Unconstrained Fund (the ‘Fund’) which aims to provide returns from capital appreciation and foreign currency movements by outperforming the benchmark (before fees) by 1.5% to 2.5% per annum over any given 3 year period. The benchmark is 50% JPM EMBI Global Diversified (US$) (EMD) and 50% JPM GBI-EM Global Diversified (US$) (EM LC D) (the “Composite Index”).
This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund. Customers will be invested in the new fund from 19/01/2025, but these changes may not be visible until up to two weeks following this date.
We confirm we’re expecting to receive a fifth payment from Aviva which we will be passing on to customers shortly after. Those customers still invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR Aviva UK Property Feeder > OMR abrdn UK Real Estate
OMR Prof Aviva UK Property Feeder > OMR Prof Deposit
Aviva Investors UK Prop Feeder (Life & Pension) > L&G Property Feeder
We’ll be issuing a letter to customers shortly after the units have been added to plans. This is expected to be the final Aviva Investors UK Property Feeder payment.
Default Replacement Fund: OMR Schroder Managed Balanced Fund
Closing Fund TER: 1.32%
Default Replacement Fund TER: 0.56%
Objective of Default Replacement Fund:
The Fund aims to provide capital growth and income by investing in a diversified range of assets and markets worldwide. The Fund is actively managed and invests indirectly through collective investment schemes, exchange traded funds, real estate investment trusts or closed ended funds, in equity and equity related securities, fixed and floating rate securities or alternative assets worldwide. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund. Customers will be invested in the new fund from 13 January 2026, but these changes may not be visible until up to two weeks following this date.
We can confirm that we are expecting to receive an eighth payment from M&G which we will be passing on to customers shortly after.
Those customers invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR M&G Feeder of Property Portfolio > OMR L&G Property Feeder
AL M&G Property > AL abrdn Real Estate Property
M&G Feeder of Property Portfolio (Life & Pension) > L&G Property Feeder.
We will be issuing a letter to customers shortly after the units have been added to plans.
We expect to receive further payments in future and will provide further information when we do.
Following a recent in-depth review we’ve decided to change the range of funds that are available. This will result in a more streamlined range, which we believe will offer better value for money for our customers. These changes will be started in 2026. We will be sending letters in advance to all customers that are invested in any closing funds.
Further information concerning these changes and the funds that are impacted is available at: www.reassure.co.uk/fund-centre/fund-changes/
We have taken the decision to close the AXA ACT Framlington Clean Economy Fund and move customers into the Jupiter Ecology Fund on 03/12/2025. As a result, there will be a change to the fund customers currently hold.
Default replacement fund: Jupiter Ecology Fund
Closing Fund TER: 1.58%
Default Replacement Fund TER: 1.68%
Objective of Default Replacement Fund: To provide capital growth (with the prospect of income) over the long term (at least five years) by investing globally in companies that generate or enable positive solutions to climate change and/or environmental degradation through their products and services in clean energy, green mobility, green buildings and industry, sustainable agriculture and land, sustainable oceans and freshwater systems or the circular economy. At least 70% of the Fund is invested directly in the shares of Environmental Solutions Companies based anywhere in the world. The Fund may also invest up to 30% in closed-ended funds. Customers will be invested in the new fund from 03/12/2025, but these changes may not be visible until up to two weeks following this date.
We have taken the decision to close the OMR AXA ACT Framlington Clean Economy Fund and move customers into the OMR Jupiter Ecology Fund on 03/12/2025. As a result, there will be a change to the fund customers currently hold.
Default replacement fund: OMR Jupiter Ecology Fund
Closing Fund TER: 1.18%
Default Replacement Fund TER: 1.34%
Objective of Default Replacement Fund: To provide capital growth (with the prospect of income) over the long term (at least five years) by investing globally in companies that generate or enable positive solutions to climate change and/or environmental degradation through their products and services in clean energy, green mobility, green buildings and industry, sustainable agriculture and land, sustainable oceans and freshwater systems or the circular economy. At least 70% of the Fund is invested directly in the shares of Environmental Solutions Companies based anywhere in the world. The Fund may also invest up to 30% in closed-ended funds.
This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund. Customers will be invested in the new fund from 03/12/2025, but these changes may not be visible until up to two weeks following this date.
