We are expecting to receive the ninth and final 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:
We will be issuing a letter to customers shortly after the units have been added to plans.
We’re updating customers on a change to some of the replacement funds previously communicated in relation to the Aviva Investors UK Property Feeder payments. We will not use the Deposit fund or abrdn Real Estate fund previously communicated for the OMR funds.
The replacement funds will be as follows:
• OMR Aviva UK Property Feeder → OMR L&G Property Feeder
• OMR Prof Aviva UK Property Feeder → OMR Prof L&G Property Feeder
• Aviva Investors UK Property Feeder (Life & Pension) → L&G Property Feeder.
Any forthcoming payment received from Aviva will be added to customers’ plans using the replacement funds above. No action is required. Customers will receive a letter once units have been added to their plans. This will then close the above Aviva Funds.
We confirm we’re expecting to receive a fifth 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’ll be issuing a letter to customers shortly after the units have been added to plans. This is expected to be the final Aviva Investors UK Property Feeder payment.
We can confirm that we are expecting to receive an eighth 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 Property Feeder
AL M&G Property > AL abrdn Real Estate 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.
Following a recent in-depth review we’ve decided to change the range of funds that are available. This will result in a more streamlined range, which we believe will offer better value for money for our customers. These changes will be started in 2026. We will be sending letters in advance to all customers that are invested in any closing funds.
Further information concerning these changes and the funds that are impacted is available at: www.reassure.co.uk/fund-centre/fund-changes/
We confirm we are expecting to receive a seventh 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 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.
Default Replacement Fund: OMR Sarasin Global Dividend Fund
Closing Fund TER: 1.33%
Default Replacement Fund TER: 1.34%
Objective of Default Replacement Fund:
The Manager seeks to grow the value of the Fund over a rolling 5 year period after deducting fees and costs; and to provide 15% more income than the MSCI All Countries World Index (Net). The Manager measures income after adjusting for withholding taxes.
The Manager invests at least 80% of the Fund in the shares of companies from around the world. The Fund also invests in bonds, other funds (including those managed by Sarasin) and cash. 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.
The merging fund will be suspended from 10/07/2025.
We can confirm that we are expecting to receive a sixth 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 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.
Default Replacement Fund: L&G Schroder Prime UK Equity Fund
Closing Fund TER: 0.84%
Default Replacement Fund TER: 0.41%
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. The merging fund will be suspended from 10/06/2025.
Default Replacement Fund: L&G Schroder Prime UK Equity Fund
Closing Fund TER: 0.84%
Default Replacement Fund TER: 0.41%
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. The merging fund will be suspended from 10/06/2025.
