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  • Changes to funds invested in the abrdn UK Sustainable and Responsible Investment Equity Fund

We’re updating the name and description of the following funds:

  • SL abrdn UK Sustainable and Responsible Investment Equity Pension Fund (Fund code -BL)
  • SL abrdn UK Sustainable and Responsible Investment Equity Life Fund (Fund code – J1)

Both funds invest in an underlying fund called the abrdn UK Sustainable and Responsible Investment Equity Fund, which is managed by abrdn.

abrdn are making some changes to their fund and we’re updating the name and description of our funds in line with these from 20 February 2025.

Details of these changes can be found in the tables below.

Current fund name  New fund name 
SL abrdn UK Sustainable and Responsible
Investment Equity Pension Fund (Fund
code – BL)		 SL abrdn UK Sustainable Equity Pension
Fund (Fund code – BL)
Current fund description  New fund description

The SL abrdn UK Sustainable and Responsible Investment Equity Pension Fund invests primarily in the abrdn UK Sustainable and Responsible Investment Equity Fund. The aim of the abrdn UK Sustainable and Responsible Investment Equity Fund is summarised below.

The fund aims to provide growth over the long term (5 years or more) by investing at least 70% in equities (company shares) and equity related securities of companies, incorporated or domiciled in the UK or companies having significant operations and/or exposure to the UK, which adhere to the abrdn Sustainable and Responsible Investment Equity Approach.

The fund is actively managed and may also invest in other funds (including those managed by abrdn), money-market instruments and cash.

The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in.		 The SL abrdn UK Sustainable Equity Pension Fund invests primarily in the abrdn UK Sustainable Equity Fund. The aim of the abrdn UK Sustainable Equity Fund is summarised below.

To generate growth over the long term (5 years or more) by investing in UK equities (company shares) that manage adverse environmental impacts and promote societal welfare in one or more of the four thematic areas of – climate change, the environment, labour management, and human rights & stakeholders, through their business operations OR their products and services.

To align with this sustainability objective companies must demonstrate they are positively addressing one or more of the thematic areas, assessed against either the:

(i) revenue derived from or investment budget directed to, products and services that contribute to one or more of the following thematic areas:
  • climate change - through renewable energy, or sustainable real estate and infrastructure development; or
     
  • environment - through circular economy practices, sustainable food & agriculture, or access to water & sanitation; or
     
  • labour management - through educational and employment initiatives;
or
  • human rights & stakeholders - through health and social care, or financial inclusions; or

(ii) sustainability of business operations in accordance with the abrdn Operational Sustainability Score. This score takes into account a variety of data inputs related to the four thematic areas of climate change, environment, labour management, and human rights & stakeholders to identify companies that are addressing adverse environmental impacts and promoting societal welfare.

The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in.
Current fund name New fund name 
SL abrdn UK Sustainable and Responsible Investment Equity Life Fund (Fund code – J1) SL abrdn UK Sustainable Equity Life Fund (Fund code – J1)
Current fund description New fund description
The SL abrdn UK Sustainable and Responsible Investment Equity Life Fund invests primarily in the abrdn UK Sustainable and Responsible Investment Equity Fund. The aim of the abrdn UK Sustainable and Responsible Investment Equity Fund is summarised below.

The fund aims to provide growth over the long term (5 years or more) by investing at least 70% in equities (company shares) and equity related securities of companies, incorporated or domiciled in the UK or companies having significant operations and/or exposure to the UK, which adhere to the abrdn Sustainable and Responsible Investment Equity Approach.

The fund is actively managed and may also invest in other funds (including those managed by abrdn), money-market instruments and cash.

The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in.

The SL abrdn UK Sustainable Equity Life Fund invests primarily in the abrdn UK Sustainable Equity Fund. The aim of the abrdn UK Sustainable Equity Fund is summarised below.

To generate growth over the long term (5 years or more) by investing in UK equities (company shares) that manage adverse environmental impacts and promote societal welfare in one or more of the four thematic areas of – climate change, the environment, labour management, and human rights & stakeholders, through their business operations OR their products and services.

To align with this sustainability objective companies must demonstrate they are positively addressing one or more of the thematic areas, assessed against either the:

(i) revenue derived from or investment budget directed to, products and services that contribute to one or more of the following thematic areas:

  • climate change - through renewable energy, or sustainable real estate and infrastructure development; or
     
  • environment - through circular economy practices, sustainable food & agriculture, or access to water & sanitation; or
     
  • labour management - through educational and employment initiatives;

or

  • human rights & stakeholders - through health and social care, or financial inclusions; or

(ii) sustainability of business operations in accordance with the abrdn Operational Sustainability Score. This score takes into account a variety of data inputs related to the four thematic areas of climate change, environment, labour management, and human rights & stakeholders to identify companies that are addressing adverse environmental impacts and promoting societal welfare.

The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in.

 

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