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September 2022 sector review - Additions and closures impacting our defined fund ranges

As part of our ongoing fund governance we have completed the third stage of our latest review, to ensure the fund choices continue to remain appropriate for your investment goals.

For our September 2022 review we have looked at the Commodity and Energy, European Fixed Interest, Asia-Pacific Equity, Latin America Equity, Single Country Equity and Property sectors. 

 

 

 

Why we conduct reviews

By reviewing funds on a regular basis, using tools from independent global investment research company Morningstar®, the company that powers our interactive fund centres, we seek to identify and add funds that stand out in their respective peer groups for performance, risk/reward balance, objectives or investment style. We also look at funds that analysts at Morningstar believe will outperform their sector. Those funds you've asked to see in the range will be considered as long as they provide the necessary qualities and fit our parameters. 

 

A review isn't just about adding funds. Importantly, we also take steps to remove funds we feel are no longer appropriate for the range. Our goal is to provide you with a best of breed range of quality funds covering a variety of sectors, regions and asset classes.

 

THE CHANGES FOR September 2022

We are adding a number of new funds across the products listed above, which are available for investment from September 2022. These are now featured in the fund guides published from September onwards and in the fund centres. 

 

We've also removed some funds with immediate effect and these are now closed to new business and switches in. Existing investors affected by the removals have been written to providing them with two months’ notice of our intention to switch their holdings out and into an alternative fund. These clients can continue to invest in the closing fund(s) until we switch them out. Switches will take place between 28 and 30 November 2022. Samples of these letters can be viewed opposite. 

 

If clients are happy with our choice of receiving fund then they do not need to do anything and will be switched automatically (including redirection of any regular payment allocation where applicable). However, if they would prefer to switch to a different fund it’s very easy to do. Switches can be submitted by completing and returning a Fund switch instruction form or, if registered for online switching, conducting a switch online fast and efficiently. 

 

Click on the sliders below to see details of the changes for each product range.

 


ADDITIONS - Regular Savings Plan, Oracle, Quantum, Paragon (including Malaysia variants)


REMOVALS - Regular Savings Plan, Oracle, Quantum, Paragon (including Malaysia variants)


REMOVALS - LifePlan


 

Notes:

Information contained within these tables is sourced from Morningstar® and is correct as at 22 September 2022.

 

** Ongoing Charge (“OCF”) includes the Annual Management Charge plus other operational expenses, so better reflects the total costs applied to the fund.

 

 ***Morningstar® awards a Star rating based on historic returns adjusted for risk and charges, with the top 10% of funds in a category awarded a 5 Star and the bottom 10% a 1 Star. 

view our previous sector reviews

Impacts on these defined fund range products

Fund guides and forms

Applicable to Regular Savings plan, Oracle, Quantum and Paragon (including Malaysia variants)



Fund guides and forms

Applicable to LifePlan



Sample letters

Applicable to Regular Savings plan, Oracle, Quantum and Paragon (including Malaysia variants)



Sample letters

Applicable to LifePlan