On the 10/09/2026 we were informed by Franklin Templeton Fund Management Limited that the FTF Franklin Global Unconstrained Fund will be merged with the FTF Franklin Core Global Equity Enhanced Index Fund on 25/09/2026. As a result, there will be a change to the fund customers currently hold.
Default replacement fund: FTF Franklin Core Global Equity Enhanced Index Fund
Closing Fund TER: 1.00%
Default Replacement Fund TER: 0.32%
Objective of Default Replacement Fund:
The Fund aims to increase in value through investment growth and outperform the MSCI World (Net Return) Index over periods of five years after all fees and costs are deducted. The Fund invests at least 80% of its assets in shares of companies which are domiciled, listed or conduct a significant proportion of their business in developed markets, globally. Exposure to these shares will typically be direct (purchasing the relevant shares themselves) but may also be indirect (gaining exposure to the shares through other investments).
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 25/09/2026, but these changes may not be visible until up to two weeks following this date.
On the 10/09/2026 we were informed by Franklin Templeton Fund Management Limited that the FTF Franklin European Unconstrained Fund will be merged with the FTF Franklin Core Europe ex UK Equity Enhanced Index Fund on 25/09/2026. As a result, there will be a change to the fund customers currently hold.
Default replacement fund: FTF Franklin Core Europe ex UK Equity Enhanced Index Fund
Closing Fund TER: 0.99%
Default Replacement Fund TER: 0.27%
Objective of Default Replacement Fund:
The Fund aims to increase in value through investment growth and outperform the MSCI Europe Ex UK (Net Return) Index over periods of five years after all fees and costs are deducted.
The Fund invests at least 80% of its assets in shares of companies which are domiciled, listed or conduct a significant proportion of their business in European countries (excluding the UK). Exposure to these shares will typically be direct (purchasing the relevant shares themselves) but may also be indirect (gaining exposure to the shares through other investments).
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 25/09/2026, but these changes may not be visible until up to two weeks following this date.
We have been informed by Schroder Unit Trusts Limited that the Schroder Sustainable UK Equity Fund will be merged with the Schroder Prime UK Equity Fund on the 30/07/2026. As a result, there will be a change to the fund customers currently hold.
Default replacement fund: Schroder Prime UK Equity Fund
Closing Fund TER: 1.19%
Default Replacement Fund TER: 0.42%
Objective of Default Replacement Fund:
The Fund aims to provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies.
The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies. These are companies that are incorporated, headquartered or have their principal business activities in the UK.
The Fund may also invest directly or indirectly in other securities (including in other asset classes), countries, regions, industries or currencies, collective investment schemes (including Schroder funds), warrants and money market instruments, and hold cash.
The Fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently
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 30/07/2026, but these changes may not be visible until up to two weeks following this date.
On the 18/06/2026 we were informed by Janus Henderson Fund Management UK Limited that the Janus Henderson European Mid and Large Cap Fund would be closed. Customers will be moved into the Janus Henderson European Focus Fund on the 02/07/2026. As a result, there will be a change to the fund customers currently hold.
Default replacement fund: Janus Henderson European Focus Fund
Closing Fund IMC: 0.68%
Default Replacement Fund IMC: 0.68%
Objective of default replacement fund:
The Fund aims to provide a return, from a combination of capital growth and income over the long term (5 years or more). The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings.
Customers will be invested in the new fund from 02/07/2026, but these changes may not be visible until up to two weeks following this date.
On 1st October 2025 we were informed by Columbia Threadneedle Investments that the OMR CT MM Navigator Boutiques Fund would be merged with the OMR CT Multi-Manager Universal Adventurous Fund on 31st October 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR CT Multi-Manager Universal Adventurous Fund
Closing Fund TER: 1.81%
Default Replacement Fund TER: 0.67%
Objective of Default Replacement Fund: The Fund aims to provide growth, combining capital and income, consistent with an adventurous risk and volatility profile, over the long term (5 years or more). The Fund invests at least 70% of its assets in a portfolio of collective
investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD)), which provide indirect exposure to a range of global asset classes. 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.
On 1st October 2025 we were informed by Columbia Threadneedle Investments that the OMR BMO MM Navigator Growth Fund would be merged with the OMR BMO Multi-Manager Universal Growth Fund on 31st October 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR CT Multi-Manager Universal Growth Fund
Closing Fund TER: 1.65%
Default Replacement Fund TER: 0.67%
Objective of Default Replacement Fund: The Fund aims to provide growth, combining capital and income, consistent with a growth risk and volatility profile, over the long term (5 years or more). The Fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD)), which provide indirect exposure to a range of global asset classes. 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.
On 1st October 2025 we were informed by Columbia Threadneedle Investments that the OMR CT MM Navigator Growth Fund would be merged with the OMR CT Multi-Manager Universal Growth Fund on 31st October 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR CT Multi-Manager Universal Growth Fund
Closing Fund TER: 1.65%
Default Replacement Fund TER: 0.67%
Objective of Default Replacement Fund: The Fund aims to provide growth, combining capital and income, consistent with a growth risk and volatility profile, over the long term (5 years or more). The Fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD)), which provide indirect exposure to a range of global asset classes. 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.
On 1st October 2025 we were informed by Columbia Threadneedle Investments that the OMR CT MM Navigator Balanced Fund would be merged with the OMR CT Multi-Manager Universal Balanced Fund on 31st October 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR CT Multi-Manager Universal Balanced Fund
Closing Fund TER: 1.73%
Default Replacement Fund TER: 0.67%
Objective of Default Replacement Fund: The Fund aims to provide growth, combining capital and income, consistent with a balanced risk and volatility profile, over the long term (5 years or more). The Fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD)), which provide indirect exposure to a range of global asset classes. 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.
On 1st October 2025 we were informed by Columbia Threadneedle Investments that the CT MM Navigator Cautious Fund would be merged with the CT Multi-Manager Universal Cautious Fund on 31st October 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: CT Multi-Manager Universal Cautious Fund
Closing Fund TER: 1.63%
Default Replacement Fund TER: 0.65%
Objective of Default Replacement Fund: The Fund aims to provide growth, combining capital and income, consistent with a cautious risk and volatility profile, over the long term (5 years or more). The Fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD)), which provide indirect exposure to a range of global asset classes.
On 1st October 2025 we were informed by Columbia Threadneedle Investments that the L&G CT MM Navigator Cautious Fund would be merged with the L&G CT Multi-Manager Universal Cautious Fund on 31st October 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: L&G CT Multi-Manager Universal Cautious Fund
Closing Fund TER: 1.63%
Default Replacement Fund TER: 0.65%
Objective of Default Replacement Fund: The Fund aims to provide growth, combining capital and income, consistent with a cautious risk and volatility profile, over the long term (5 years or more). The Fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD)), which provide indirect exposure to a range of global asset classes.
