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.
On 30/06/2025 we were informed by Legal & General Investment Management Limited that the Global Emerging Markets Index Fund (PMC) would be closed with customers moved into the World Emerging Markets Equity Index Fund (PMC) on 31/10/2025 and as a result there will be a change to the fund customers currently hold.
Default replacement fund: World Emerging Markets Equity Index Fund (PMC)
Closing Fund TER: 0.25%
Default Replacement Fund TER: 0.55%
Objective of Default Replacement Fund: The Fund aims to provide long term capital growth from direct or indirect investment in emerging stock markets worldwide or companies with significant activities in emerging markets. The investment objective of the fund is to track the performance of the FTSE Emerging Index (less withholding tax where applicable) to within +/-1.5% p.a. for two years out of three. Customers will be invested in the new fund from 31/10/2025, but these changes may not be visible until up to two weeks following this date.
We confirm we are expecting to receive a seventh 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 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.
Default Replacement Fund: OMR abrdn Diversified Growth and Income Fund (SDB)
Closing Fund TER: 1.59%
Default Replacement Fund TER: 1.06%
New Distribution Frequency: Monthly
Objective of Default Replacement Fund:
The objective of the Fund is to generate a positive return through capital growth and income over the long term (5 years or more) by investing in a globally diversified portfolio of assets whilst reducing the risk of losses. The fund aims to exceed the return of SONIA by 5% per annum over rolling five year periods (before charges).The fund invests globally in a range of asset classes, derivatives, cash and assets that can be turned into cash quickly. The fund may also invest in other funds (including those managed by abrdn) to gain exposure to a broad mix of assets from across the global investment universe. Asset classes that the fund invests in may include equities (company shares), high yield bonds (which are like loans to companies that pay a high rate of interest, but have a low credit rating), emerging market bonds, and investment trusts (providing access to a diverse mix of others assets including infrastructure, property company shares and private equity holdings).
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 26/06/2025, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR abrdn Diversified Growth and Income Fund
Closing Fund TER: 1.59%
Default Replacement Fund TER: 1.11%
Objective of Default Replacement Fund:
The objective of the Fund is to generate a positive return through capital growth and income over the long term (5 years or more) by investing in a globally diversified portfolio of assets whilst reducing the risk of losses. The fund aims to exceed the return of SONIA by 5% per annum over rolling five year periods (before charges).The fund invests globally in a range of asset classes, derivatives, cash and assets that can be turned into cash quickly. The fund may also invest in other funds (including those managed by abrdn) to gain exposure to a broad mix of assets from across the global investment universe. Asset classes that the fund invests in may include equities (company shares), high yield bonds (which are like loans to companies that pay a high rate of interest, but have a low credit rating), emerging market bonds, and investment trusts (providing access to a diverse mix of others assets including infrastructure, property company shares and private equity holdings).
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 26/06/2025, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Fidelity Special Situations Fund
Closing Fund TER: 0.63%
Default Replacement Fund TER: 0.53%
Objective of Default Replacement Fund:
The Fund aims to increase the value of investor’s 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 remainder will be invested in companies outside the UK and in other investment types such as cash. The fund may also use derivatives with the aim of achieving the investment objective. 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.
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 18/08/2025, but these changes may not be visible until up to 2 weeks following this date.
We can confirm that we are expecting to receive a sixth 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 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.
We can confirm that we are expecting to receive a Fifth 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 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.
