Old TER: 1.17%
New TER: 0.85%
Old TER: 1.17%
New TER: 0.85%
Old TER: 1.25%
New TER: 0.87%
Old TER: 1.11%
New TER: 0.67%
Old TER: 1.29%
New TER: 0.78%
Old TER: 1.32%
New TER: 0.97%
Old TER: 1.25%
New TER: 0.94%
Default replacement fund: JP Morgan UK Smaller Companies Investment Trust
Objective of the default replacement fund:
The Trusts’s objective is to achieve capital growth from UK listed smaller companies and a rising share price over the longer term by taking carefully controlled risks. The Trust has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 15% geared in normal market conditions. Gearing may magnify gains or losses experienced by the Investment Trust. The Trust makes quarterly distributions that are set at the beginning of each financial year. On aggregate, the intention is to pay dividends totalling at least 4% of the NAV as at the end of the preceding financial year.
The closing fund will be closed to purchases and redemptions immediately. The continuing fund will be renamed to JP Morgan UK Small Cap Growth & Income Trust.
We can confirm that we are expecting to receive a first 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 UK 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.
Old Share Class: A Acc
New Share Class: AC Acc
