We’re making changes to the SL abrdn Sustainable Funds:

  • SL abrdn Sustainable Index World Equity Pension Fund (Fund code – LGID)
  • SL abrdn Sustainable Index UK Equity Pension Fund (Fund code – MGLB)

abrdn are making changes to their fund names so they comply with new regulations. They are replacing the word sustainable in the fund names with 'Evolve'. The funds will continue to allow investments which have been selected after considering a range of Environmental, Social and Governance (ESG) factors. The changes will take effect from 13 January 2025.

Standard Life is updating its fund names and descriptions in line with these changes. You can see these changes in the tables below.

We’ll be updating our fund factsheet to reflect these changes. This will be available on standardlife.co.uk/funds once updated.

Current fund name New fund name
SL abrdn Sustainable Index World Equity Pension Fund (Fund code – LGID) SL abrdn Evolve World Equity Index Pension Fund (Fund code – LGID)
Current fund description New fund description

The SL abrdn Sustainable Index World Equity Pension Fund invests primarily in the abrdn Sustainable Index World Equity Fund. The aim of the abrdn Sustainable Index World Equity Fund is summarised below.

To generate growth over the long term (5 years or more) by tracking the return of the MSCI World Select ESG Climate Solutions Target Index. Performance Target: To match the return of the MSCI World Select ESG Climate Solutions Target Index (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Manager believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the Index.

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

The SL abrdn Evolve World Equity Index Pension Fund invests primarily in the abrdn Evolve World Equity Index Fund. The aim of the abrdn Evolve World Equity Index Fund is summarised below.

To generate growth over the long term (5 years or more) by tracking the return of the MSCI World Select ESG Climate Solutions Target Index. Performance Target: To match the return of the MSCI World Select ESG Climate Solutions Target Index (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Manager believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the Index.

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 Sustainable Index UK Equity Pension Fund (Fund code – MGLB) SL abrdn Evolve UK Equity Index Pension Fund (Fund code – MGLB)
Current fund description New fund description

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

To generate growth over the long term (5 years or more) by tracking the return of the MSCI United Kingdom IMI Select ESG Climate Solutions Target Index. Performance Target: To match the return of the MSCI United Kingdom IMI Select ESG Climate Solutions Target Index (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Manager believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the Index.

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

The SL abrdn Evolve Index UK Equity Pension Fund invests primarily in the abrdn Evolve UK Equity Index Fund. The aim of the abrdn Evolve UK Equity Index Fund is summarised below.

To generate growth over the long term (5 years or more) by tracking the return of the MSCI United Kingdom IMI Select ESG Climate Solutions Target Index. Performance Target: To match the return of the MSCI United Kingdom IMI Select ESG Climate Solutions Target Index (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Manager believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the Index.

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