id
What's changing?
Following a fund review, we’ve decided to close the above fund.
We’re closing this fund from 22 February 2024 and will be switching your investment into the SL Invesco Global Equity Income Life Fund (fund code – KKDF) as it’s the closest suitable alternative we have. For more information on this fund please read the factsheet.
You can see details of the original, updated and replacement fund name, fund code and Total Annual Fund Charges and descriptions at the bottom of this page.
What does this mean for my client if they’re invested in this fund?
- We’ve suspended transactions into this fund for single payments, transfers in and switches from other funds
- We’ll accept any contractually agreed regular payments into their fund until 22 February 2024
- Any regular contributions received on or after 22 February 2024 will be switched into the SL Invesco Global Equity Income Life Fund (fund code – KKDF) and all future contributions will be redirected into this fund
- If it isn’t possible to redirect their contributions to the SL Invesco Global Equity Income Life Fund, we’ll invest any payments proportionally across their other existing funds
- Any contributions invested across their other funds will remain invested there and won’t be affected
Does my client need to do anything?
They don’t need to do anything as a result of these changes.
However, if they’re paying regular contributions and would prefer us to direct these into a different fund, they can do this online or by contacting us by 09 February 2024.
Further details of these funds and alternative funds can be found at standardlife.co.uk/funds.
If we don’t hear from your client, we'll go ahead with the switch. Once the switch has taken place, we'll let your client know. Of course, they can always change their investments at a later date.
If you need more information, please speak to your Standard Life Account Manager.
| Current fund name | New fund name |
|---|---|
| SL Janus Henderson Global Equity Income Life Fund S1 (fund code – 3J) |
SL Invesco Global Equity Income Life Fund S1 (fund code – KKDF) |
| Current fund description | New fund description |
|
The SL Janus Henderson Global Equity Income Life Fund invests primarily in the Janus Henderson Global Equity Income Fund. The aim of the Janus Henderson Global Equity Income Fund is summarised below. To achieve an income in excess of that of the MSCI World Index with the potential for long-term capital growth. 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 Invesco Global Equity Income Life Fund invests primarily in the Invesco Global Equity Income (UK) Fund. The aim of the Invesco Global Equity Income (UK) Fund is summarised below. The objective of the Fund is to achieve income and capital growth over the long term (5 years plus). The Fund invests at least 80% of its assets in shares of companies globally. The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, reducing costs and/or generating additional capital or income. The Fund has an active investment approach based on stock selection driven by the fund manager’s assessment of valuation and invests in companies that enable the Fund to grow its dividend and deliver capital appreciation. The Fund is not constrained by a benchmark and has a flexible approach with no inbuilt bias to country, sector or company size. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
| Current TAFC | New TAFC |
| 2.03% | 1.91% |
| Current fund name | New fund name |
|---|---|
| SL Janus Henderson Global Equity Income Life Fund S2 (fund code – 3J) |
SL Invesco Global Equity Income Life Fund S2 (fund code – KKDF) |
| Current fund description | New fund description |
|
The SL Janus Henderson Global Equity Income Life Fund invests primarily in the Janus Henderson Global Equity Income Fund. The aim of the Janus Henderson Global Equity Income Fund is summarised below. To achieve an income in excess of that of the MSCI World Index with the potential for long-term capital growth. 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 Invesco Global Equity Income Life Fund invests primarily in the Invesco Global Equity Income (UK) Fund. The aim of the Invesco Global Equity Income (UK) Fund is summarised below. The objective of the Fund is to achieve income and capital growth over the long term (5 years plus). The Fund invests at least 80% of its assets in shares of companies globally. The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, reducing costs and/or generating additional capital or income. The Fund has an active investment approach based on stock selection driven by the fund manager’s assessment of valuation and invests in companies that enable the Fund to grow its dividend and deliver capital appreciation. The Fund is not constrained by a benchmark and has a flexible approach with no inbuilt bias to country, sector or company size. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
| Current TAFC | New TAFC |
| 2.53% | 2.41% |