Default Replacement Fund: UK Equity Alpha Fund
Objective of Default Replacement Fund: The fund aims to provide long term growth and is designed for investors who are looking for exposure to UK equity markets. The fund invests predominantly in the shares of companies listed on the UK stock market. It does this by investing directly in shares or indirectly through other funds.
These funds are not restricted to a particular fund manager or investment strategy, and can be passively and/or actively managed. These funds can change from time to time without notice to ensure the Fund continues to meet its goal.
Default Replacement Fund: L&G Equity Fund Pension Accumulator
Objective of Default Replacement Fund: The fund aims to provide long term growth and is designed for investors who are looking for exposure to UK equity markets. The fund invests predominantly in the shares of companies listed on the UK stock market. It does this by investing directly in shares or indirectly through other funds.
These funds are not restricted to a particular fund manager or investment strategy, and can be passively and/or actively managed. These funds can change from time to time without notice to ensure the Fund continues to meet its goal.
New fund objective:
The aim of the Fund is to provide a return on your investment (generated through an increase in the value of the assets held by the Fund) by tracking closely the performance of the FTSE Emerging Index (the “Benchmark Index”). Although the Fund aims to achieve its investment objective, there is no guarantee that this will be achieved. The Fund’s capital is at risk meaning that the Fund could suffer a decrease in value and the value of your investment would decrease as a result.
In seeking to achieve its investment objective, the Fund will invest directly into the equities (i.e. shares) of companies in the Benchmark Index and at times invest indirectly via other equity related investments (i.e. other investments whose value is related to equities) giving exposure to such companies.
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.
A change of fund investment objective was not advised to us by UBS during 2023. As a result, we did not communicate this change to ReAssure customers. The fund objectives have now been updated and show correctly on ReAssure factsheets. The investment strategies of the funds have not changed.
New investment objective:
The objective of the fund is to grow the value of your investment and outperform the S&P 500 Index after charges over the medium to long term (3 to 5 years). 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 BNY Mellon UK Equity Fund
Closing Fund TER: 1.16%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The Fund aims to achieve capital growth and income over the long term (5 years or more). The Fund is actively managed and invests at least 70% of the portfolio in UK equities (company shares), including ordinary shares, preference shares and other equity-related securities. UK companies are defined as those that are either domiciled, incorporated or which have significant business in the UK.
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 22/11/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR BNY Mellon UK Equity Fund
Closing Fund TER: 1.59%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The Fund aims to achieve capital growth and income over the long term (5 years or more). The Fund is actively managed and invests at least 70% of the portfolio in UK equities (company shares), including ordinary shares, preference shares and other equity-related securities. UK companies are defined as those that are either domiciled, incorporated or which have significant business in the UK.
Customers will be invested in the new fund from 22/11/2024, but these changes may not be visible until up to 2 weeks following this date.
New Fund Objective:
The objective of the fund is to deliver an annual income that is in line with or better than that of the FTSE All-Share Index over any rolling three-year period.
The fund aims to generate a greater total return than the FTSE All-Share Index, after fees, over any five-year period. There is no guarantee that this investment objective will be achieved over five years, or any other time period.
We use the FTSE All-Share Index as a target for our fund’s return and the income we pay because we want to offer you a better income and higher returns than the UK stock market. 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.
New Fund Objective:
The objective of the fund is to deliver an annual income that is in line with or better than that of the FTSE All-Share Index over any rolling three-year period.
The fund aims to generate a greater total return than the FTSE All-Share Index, after fees, over any five-year period. There is no guarantee that this investment objective will be achieved over five years, or any other time period.
We use the FTSE All-Share Index as a target for our fund’s return and the income we pay because we want to offer you a better income and higher returns than the UK stock market.
Default Replacement Fund: Fidelity Special Situations Fund
Closing Fund TER: 0.83%
Default Replacement Fund TER: 0.51%
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 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. The Fund is actively managed without reference to a benchmark.
Customers will be invested in the new fund from 15/11/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Prof Fidelity Special Situations Fund
Closing Fund TER: 1.57%
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 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. The Fund is actively managed without reference to a benchmark.
Customers will be invested in the new fund from 15/11/2024, but these changes may not be visible until up to 2 weeks following this date.
