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.
New fund name: L&G Pension Schroder Diversity Real Return Fund
New fund objective:
The Fund aims to provide capital growth in excess of inflation (as measured by the UK Consumer Price Index) (after fees have been deducted) over a five to seven year period by investing in a diversified range of assets worldwide. The Fund is actively managed and invests its assets indirectly through collective investment schemes, exchange traded funds, real estate investment trusts and closed ended funds in equity and equity related securities, fixed and floating rate securities and alternative assets worldwide. Alternative assets may include hedge funds, real estate, private equity and commodities.
New fund name: L&G Life Schroder Diversity Real Return Fund
New fund objective:
The Fund aims to provide capital growth in excess of inflation (as measured by the UK Consumer Price Index) (after fees have been deducted) over a five to seven year period by investing in a diversified range of assets worldwide. The Fund is actively managed and invests its assets indirectly through collective investment schemes, exchange traded funds, real estate investment trusts and closed ended funds in equity and equity related securities, fixed and floating rate securities and alternative assets worldwide. Alternative assets may include hedge funds, real estate, private equity and commodities.
New fund name: OMR Schroder Diversity Real Return Fund
New fund objective:
The Fund aims to provide capital growth in excess of inflation (as measured by the UK Consumer Price Index) (after fees have been deducted) over a five to seven year period by investing in a diversified range of assets worldwide. The Fund is actively managed and invests its assets indirectly through collective investment schemes, exchange traded funds, real estate investment trusts and closed ended funds in equity and equity related securities, fixed and floating rate securities and alternative assets worldwide. Alternative assets may include hedge funds, real estate, private equity and commodities.
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
Old TER: 1.30%
New TER: 1.27%
Old TER: 1.33%
New TER: 1.14%
New Fund Name: L&G Pension CG Aegon Strategic Bond Fund
New ACD: Carne Global Fund Managers (UK) Limited
New Fund Name: OMR CG Aegon Strategic Bond
New ACD: Carne Global Fund Managers (UK) Limited
New Fund Name: OMR EAB CG Aegon Strategic Bond
New ACD:Carne Global Fund Managers (UK) Limited
New Fund Name: L&G Life CG Aegon Strategic Bond Fund Fund
New ACD: Carne Global Fund Managers (UK) Limited
