Default Replacement Fund: OMR VT Momentum Diversified Income Fund
Closing Fund TER: 1.62%
Default Replacement Fund TER: 1.41%
Objective of Default Replacement Fund: The fund aims to provide income over the medium to long term (3-5 years) by investing in
a balanced and well diversified portfolio of UK and International equities which the Investment Manager expects to be able to generate income (i.e. dividends) as well as some fixed interest securities including government and corporate bonds. Investments will also be made in
regulated collective investment schemes (which may include funds managed and/or operated by the ACD or Investment Manager), money
markets and cash deposits to provide further diversification to the fund in accordance with applicable regulations. 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.
Default Replacement Fund: OMR Allianz UK Listed Equity Income
Closing Fund IMC: 0.89%
Default Replacement Fund IMC: 1.06%
Objective of Default Replacement Fund: The Fund aims to generate a total return (income and capital growth) net of fees greater than that of the FTSE All-Share Index (net of fees) over a rolling 5 year period. The Fund also has a secondary objective to deliver an annual income yield greater than the FTSE All-Share Index. The ACD will invest at least 80% of the Fund’s assets in securities listed on the London Stock Exchange as represented in the FTSE All-Share 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.
Default Replacement Fund: OMR Jupiter Global Emerging Markets Fund
Closing Fund TER: 1.21%
Default Replacement Fund TER: 1.06%
Objective of Default Replacement Fund: The objective of the fund is to seek to achieve asset growth through investment in a well diversified portfolio of equity securities of issuers in the Emerging Markets or of issuers established outside of the Emerging Markets, which have a predominant proportion of their assets or business operations in the Emerging Markets and which are listed, traded or dealt in on a Regulated Market worldwide. It is not proposed to concentrate investments in any one industry or sector.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.
Default Replacement Fund: OMR Fidelity European
Closing Fund TER: 1.22%
Default Replacement Fund TER: 1.32%
Objective of Default Replacement Fund: The Fund aims to increase the value of investor’s investment over a period of 5 years or more and provide a growing level of income. The Fund will invest at least 80% in equities (and their related securities) of companies domiciled, incorporated or having significant business in continental Europe and those which are listed in the region. The Fund is actively managed. The Investment Manager identifies suitable opportunities for the Fund utilising in-house research and investment capabilities.
We can confirm that we are expecting to receive a fourth 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 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 First Sentier Global Property Securities Fund
Closing Fund TER: 1.61%
Default Replacement Fund TER: 1.12%
Objective of Default Replacement Fund: The Fund aims to achieve an investment return from income and capital growth over the long term (at least five years). The Fund invests at least 70% of its Net Asset Value in a broad selection of equity or equity-related securities
issued by real estate investment trusts or companies that own, develop or manage real property located worldwide and which are listed, traded or dealt in on Regulated Markets worldwide.
Default Replacement Fund: OMR QI Asia Pc xJp LC Eq Inv
Closing Fund TER: 1.52%
Default Replacement Fund TER: 1.34%
Objective of Default Replacement Fund: The Fund aims to achieve capital growth and to outperform the MSCI All Countries Asia Pacific ex Japan Index, net of charges, over rolling five year periods. The Fund invests at least 80% of the value of its property in shares of companies that are listed, located or have a significant portion of their business in developed and emerging markets in Asia and Australasia, excluding Japan. Investment may be direct or indirect (e.g. through collective investment schemes or derivatives), however the ACD expects that the Fund will typically hold investments directly.
The closing fund will be closed to new business immediately.
Default Replacement Fund: OMR BNP Paribas Europe Equity
Closing Fund TER: 1.22%
Default Replacement Fund TER: 1.58%
Objective of Default Replacement Fund: Increase the value of its assets over the medium term by investing primarily in European equities.
The closing fund will be closed to new business immediately.
Default Replacement Fund: OMR BNP Paribas Europe Equity
Closing Fund TER: 1.30%
Default Replacement Fund TER: 1.58%
Objective of Default Replacement Fund: Increase the value of its assets over the medium term by investing primarily in European equities.
The closing fund will be closed to new business immediately.
As part of our responsibility to regularly review the funds available to our customers, we have decided to close the following funds and switch any current customers to the corresponding replacement funds. We have attempted to choose replacement funds with the same or similar risk rating as the original fund.
Customers can see which funds they are currently invested in within their most recent annual statement, and a confirmation letter will be sent to any customers impacted by the changes listed below following the event.
A pre-notification was sent to all customers and their advisers impacted by the closures in September this year.
Closing Fund Name Replacement Fund Name
abrdn Sterling Index-Linked Bond Vanguard UK Govt Bond Fund
Abs Insight UK Eqty Mkt Neutr PIMCO GIS Global (Sterling Hedged)
AL abrdn Sterling Index-Linked Bond GQSBAL Vanguard UK Govt Bond Fund GQSB
AL abrdn Sterling Index-Linked Bond PPB AL Vanguard UK Govt Bond Fund PPB
AL abrdn Sterling Index-Linked Bond PPB1 AL Vanguard UK Govt Bond Fund PPB1
AL Abs Insight UK Eqty Mkt Neutral GQSB PIMCO GIS Global (Sterling Hedged) GQSB
AL Abs Insight UK Eqty Mkt Neutral PPB PIMCO GIS Global (Sterling Hedged) PPB
AL Abs Insight UK Eqty Mkt Neutral PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
AL Abs Insight UK Eqty Mkt Neutral PPBR PIMCO GIS Global (Sterling Hedged) PPBR
AL CT Global Equity PPB AL BNY Mellon Multi Asset Growth PPB
AL CT Global Equity PPB1 AL BNY Mellon Multi Asset Growth PPB1
AL Margetts Greystone Balanced Man GQSB AL Jupiter Merlin Balanced Pfolio GQSB
AL Margetts Greystone Cautious Man GQSB AL Investec Cautious Managed Fund GQSB
AL Margetts Greystone Global Growth GQSB Fundsmith Equity GQSB
BlackRock FI Opp (Sterling Hedged) GQSB Henderson Strategic Bond GQSB
BNY Mellon US Equity Income L&G US Index
BNY Mellon US Equity Income GWEB L&G US Index GWEB
BNY Mellon US Equity Income PPB L&G US Index PPB
BNY Mellon US Equity Income PPB1 L&G US Index PPB1
BNY Mellon US Equity Income PPBR L&G US Index PPBR
CT Global Equity Inc Fund 21 L&G Life BNY Mellon Global Income Fund
CT Global Equity Inc Fund 25 L&G Pension BNY Mellon Global Inc Fund
CT Global Equity Inc Fund LS4 L&G Life BNY Mellon Global Income Fund
CT Global Equity Inc Fund LS5 L&G Life BNY Mellon Global Income Fund
Edgewood L Select US Select Growth L&G US Index
Edgewood L Select US Select Growth GQSB L&G US Index GQSB
Edgewood L Select US Select Growth PPB L&G US Index PPB
Edgewood L Select US Select Growth PPB1 L&G US Index PPB1
Fidelity Emerging Markets Fund LS4 L&G Life Lazard Emerging Markets Fund
Fidelity Multi Asset Open Growth CF Seneca Diversified Growth
Fidelity MultiAsset Open Strategic Investec Cautious Managed Fund
First State Stewart Asia Focus Fund Hermes Asia ex Japan
First State Stewart Asia Focus Fund GQSB Hermes Asia ex Japan GQSB
First State Stewart Asia Focus Fund GWEB Hermes Asia ex Japan GWEB
First State Stewart Asia Focus Fund PPB Hermes Asia ex Japan PPB
First State Stewart Asia Focus Fund PPB1 Hermes Asia ex Japan PPB1
First State Stewart Asia Focus Fund PPBR Hermes Asia ex Japan PPBR
FTF Royce US Small Co Fund LS5 L&G Life JPMorgan US Fund
FTF Royce US Small Comps Fund L&G Life JPMorgan US Fund
FTF Royce US Small Cos Fund 2 L&G Life JPMorgan US Fund
FTF Royce US Smaller Co Fund L&G Pension JPMorgan US Fund
HSBC Global Distribution Fund LS5 L&G Life Jupiter Merlin Income Portfolio
Invesco Perpetual European Equity Henderson European Selected Opps
Invesco Perpetual European Equity GQSB AL Henderson European Selected Opps GQSB
Invesco Perpetual European Equity PPB AL Henderson European Selected Opps PPB
Invesco Perpetual European Equity PPB1 AL Henderson European Selected Opps PPB1
Invesco Perpetual Global Target Rtn BNY Mellon Multi Asset Div Return
Invesco Perpetual Global Target Rtn GQSB AL MM Managed Income GQSB
Janus Henderson MM Active Fund CT Managed Equity Fund 25
Janus Henderson MM Active Fund LS5 CT Managed Equity Fund 21
Janus Henderson MultiAsset Abs Rtn Fund abrdn Global Abs Return Strat 21
Janus Henderson MultiAst Abs Rtn F LS5 abrdn Global Abs Return Strat 21
Janus Henderson MultiAst Abs Rtn Fund abrdn Global Abs Return Strat 25
Jupiter Global Equity Fund LS4 L&G Life abrdn World Equity Fund
Jupiter UK Smaller Companies Fund 21 Investec UK Smaller Companies Fund 21
Jupiter UK Smaller Companies Fund 25 Investec UK Smaller Companies Fund 25
L&G European Index GQSB Black Rock European Dynamic FA Acc GQSB
L&G Life Fidelity Emerging Markets Fund L&G Life Lazard Emerging Markets Fund
L&G Life HSBC Global Distribution Fund L&G Life Jupiter Merlin Income Portfolio
L&G Life Investec UK Alpha Fund L&G Life Schroder UK Alpha Plus Fund
L&G Life Investec UK Alpha Fund LS4 L&G Life Schroder UK Alpha Plus Fund
L&G Life Janus Henderson MM Active Fund CT Managed Equity Fund 21
L&G Life Jupiter Global Equity Fund L&G Life abrdn World Equity Fund
L&G Life Schroder Recovery Fund L&G Life M&G Recovery Fund
L&G Life Schroder Recovery Fund LS5 L&G Life M&G Recovery Fund
L&G Pension Schroder Recovery Fund L&G Pension M&G Recovery Fund
L&G UK Index Lindsell Train UK Equity
L&G UK Index GQSB Lindsell Train UK Equity GQSB
L&G UK Index PPB Lindsell Train UK Equity PPB
L&G UK Index PPB1 Lindsell Train UK Equity PPB1
M&G Global Macro Bond Fund PIMCO GIS Global (Sterling Hedged)
M&G Global Macro Bond Fund GQSB PIMCO GIS Global (Sterling Hedged) GQSB
M&G Global Macro Bond Fund PPB PIMCO GIS Global (Sterling Hedged) PPB
M&G Global Macro Bond Fund PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
New Capital Wealth Nations PIMCO GIS Global (Sterling Hedged)
New Capital Wealth Nations GQSB PIMCO GIS Global (Sterling Hedged) GQSB
New Capital Wealth Nations PPB PIMCO GIS Global (Sterling Hedged) PPB
New Capital Wealth Nations PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
New Capital Wealth Nations PPBR PIMCO GIS Global (Sterling Hedged) PPBR
Pimco Glob GradeCredit (GBP Hedged) PIMCO GIS Global (Sterling Hedged)
Pimco Glob GradeCredit (GBP Hedged) GQSB PIMCO GIS Global (Sterling Hedged) GQSB
Pimco Glob GradeCredit (GBP Hedged) PPB PIMCO GIS Global (Sterling Hedged) PPB
Pimco Glob GradeCredit (GBP Hedged) PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
Pimco Glob High Yield (GBP Hedged) PIMCO GIS Global (Sterling Hedged)
Pimco Glob High Yield (GBP Hedged) GQSB PIMCO GIS Global (Sterling Hedged) GQSB
Pimco Glob High Yield (GBP Hedged) GWEB PIMCO GIS Global (Sterling Hedged) GWEB
Pimco Glob High Yield (GBP Hedged) PPBR PIMCO GIS Global (Sterling Hedged) PPBR
Schroder European Alpha Plus Fund 21 Schroder European Opportunities Fund 21
Schroder European Alpha Plus Fund 25 Schroder European Recovery
Threadneedle Enhanced Commodities BlackRock Gold and General
Threadneedle Enhanced Commodities GQSB AL BlackRock Gold & General GQSB
UBAM Global HY High Yield Solution GQSB PIMCO GIS Global (Sterling Hedged) GQSB
