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Name and Objective Change - Schroder ISF Global Property Securities Fund - Published: 10 Nov 2016

With effect from 1 December 2016, the fund will change name to the Schroder ISF Global Cities Real Estate Fund and amend its objective and policy to reflect this. This affects our guided architecture products: Oracle, Paragon and Quantum. Click on this story for more details.

Fund Changes - Pictet Emerging Local Currency Debt Fund - Published: 21 Oct 2016

Pictet Asset Management has notified us that it will be changing the Investment Policy to their Emerging Local Currency Fund in order to include the possibility to invest in Sukuk. The changes will take effect on 24 October 2016.

Dealing Resumption - Henderson UK Property Fund - Published: 27 Sep 2016

We have received a notification from Henderson Global Investors informing us that with effect from 12 noon on 14 October 2016, all dealing activity in the Henderson UK Property fund will resume as the suspension will be lifted.

Fund Changes - Allianz GEM Equity High Dividend Fund - Published: 22 Sep 2016

Allianz has notified us that they will be making changes to the Investment Objective and Investment Principles of their GEM Equity High Dividend Fund and these will come in effect on 3 October 2016.

Name Change - Sarasin will change names on some of their funds - Published: 07 Sep 2016

Sarasin has informed us they will be changing the name to several of their funds effective 28th of November 2016. The funds included in these changes that can be found within our product range are Equisar Global Thematic Fund and also their Food & Agriculture Opportunities Fund.

Investment Policy Changes - Kames Ethical Corporate Bond Fund - Published: 04 Aug 2016

Kames Capital has informed us that it is making several changes to the Investment Policy of the fund and its corresponding prospectus that will come into effect on 1 October 2016.

Fund Suspension - Henderson UK Property Fund - Published: 28 Jul 2016

Henderson Global Investors have informed us that with effect from 12 noon on 5 July 2016, all dealing activity in the Henderson UK Property Fund has been suspended until further notice.

Name and Objective Change - Allianz BRIC Equity Fund - Published: 22 Jun 2016

Allianz Global Investors will change the Sub-Fund name, the investment objective, the investment principles and the benchmark of the BRIC Equity Fund on 15 July 2016.

Fund Merger - Investec Asset Management - Published: 18 May 2016

Effective 17 June 2016 Investec Asset Management will merge their Global Strategic Income Fund with their Global Multi-Asset Income Fund. Investec feels that in order to achieve a high and sustainable level of income it is better to invest in a broader range of investments.

Fund Mergers - JPMorgan prefixed Luxembourg SICAV Funds - Published: 14 Apr 2016

On 20 May 2016 JPMorgan Asset Management will be rationalising their Luxembourg SICAV duplicate share classes by merging “JPMorgan” prefixed share classes into the equivalent “JPM” prefixed share class of the same sub-fund. This affects our closed guided-architecture product Preference. We will be taking action ahead of the merger. Click on this story for more details and to view samples of the letters we have issued to policyholders and investment advisers.

Amendment to the Investment Principles - Credit Suisse - Published: 22 Mar 2016

Effective 30 March 2016 Credit Suisse Fund Management will make changes to the investment principles of the subfunds to clarify that they can invest worldwide including emerging market countries and that fixed income securities in the non-investment grade sector may represent up to 20% of their total net assets.

Investment Policy Change - Pictet Asset Management various funds - Published: 16 Mar 2016

Effective 16 March 2016 Pictet has changed the investment policy for several of its funds including: Pictet Emerging local currency Debt, Pictet Timber, Pictet Premium Brands, Pictet Water and Pictet Asian local Currency Debt.

Fund Merger - Pictet Asset Management - Published: 07 Mar 2016

Effective 30 March 2016 Pictet Asset Management will merge their Absolute Return Global Diversified Fund with their Multi Asset Opportunities Fund. The Board of Directors of the Fund believe this to be in shareholders' best interests.

New Fund Links - Protected Lifestyle - Published: 25 Feb 2016

We've just completed our annual fund review of Protected Lifestyle’s external fund options. We've added 13 new core funds and introduced 3 new fund groups to the range. Click through to see the full story.

Name and Objective Change - Fidelity South East Asia Fund - Published: 18 Feb 2016

Effective 23 March 2016, the fund will change name to the Fidelity - Asia Focus Fund and amend its objective to reflect this. This affects our products: Oracle, Paragon, Quantum and Kudos. Policyholders have been written to. Click on this story for more details.

New Fund Links - Quantum, Oracle, Paragon and LifePlan - Published: 15 Feb 2016

We've just completed our annual fund review for Quantum, Oracle, Paragon and LifePlan. We've added 28 new funds and introduced 6 new fund groups to the range. Click through to see the full story.

Fund Range Change - Protected Lifestyle Lebanon Policies - Published: 10 Feb 2016

On 18 March 2016 we will be making a significant change to the range of funds that existing Protected Lifestyle Lebanon policyholders can invest in. The changes will provide new investment opportunities. Letters to Policyholders have been issued via their relevant servicing advisers, notifying them of the change to the fund range. We will be taking some immediate action on 18 March 2016 with regard to existing holdings - click on this story for more details.

Fund Closures - SPI Assetmaster Broker Funds x 4 - Published: 15 Jan 2016

As the underlying funds that our 4 SPI Assetmaster broker funds link to will be closing on 28 January 2016, we will be formally closing the broker funds and transferring assets into alternative SPI internal funds. This impacts closed products that were sold under the SPILA brand. Policyholders have been written to about the closures and the action we are taking.

Name Change - JPM Global Capital Appreciation Fund - Published: 09 Dec 2015

On 14 December 2015, the fund will change name to JPM Global Macro Opportunities. This affects our guided architecture products: Oracle, Paragon and Quantum. As it is only a name change, policyholders have not been written to on this occasion.

Fund Name Changes - from First State to Stewart Investors - Published: 02 Dec 2015

First State Investments has changed the structure of the First State Stewart (FSS) investment management team. These changes will split the FSS into two teams; one primarily based in Hong Kong and the other in Edinburgh. The changes mean some of the First State funds have changed name to Stewart Investors. The changes affect our guided-architecture product Kudos.

Fund Closures - RL360° Euro Capital Protected Fund Range - Published: 14 Oct 2015

We will be closing the remaining Euro Capital Protected Funds on 11 December 2015. The closures affect legacy products that have access the Euro RL360° Capital Protected Funds. Affected policyholders have been written to. Click on this story for the full details and to view a sample of the letter.

Fund Merger - BlackRock Global Funds - Global Equity Fund - Published: 09 Oct 2015

On 25 September 2015 BlackRock merged its BlackRock Global Funds – Global Equity Fund into its BlackRock Global Funds – Global Opportunities Fund. The merger impacts the following closed products: Preference and Prosper. Click on this story for full details.

Investment Policy Changes - Schroder ISF Asian Opportunities Fund - Published: 06 Oct 2015

Schroders are clarifying the investment objective and policy of the fund in order to provide investors with greater transparency on the fund’s investment strategy. The changes impact the following closed products: Preference and Prosper. Click on this story for full details.

Investment Policy Changes - Schroder ISF Emerging Asia Fund - Published: 01 Oct 2015

Schroders are clarifying the investment objective and policy of the fund in order to provide investors with greater transparency on the fund’s investment strategy. The changes impacts the following closed product: Kudos. Click on this story for full details.

Investment Policy Changes - Schroder ISF China Opportunities Fund - Published: 01 Oct 2015

Schroders are clarifying the investment objective and policy of the fund in order to provide investors with greater transparency on the fund’s investment strategy. The changes impact the following guided-architecture products: Oracle, Paragon and Quantum. Click on this story for full details.

Fund Merger - UBS (Lux) Equity Fund - Taiwan - Published: 25 Sep 2015

UBS will be conducting a merger of its UBS (Lux) Equity Fund-Taiwan on 29 October 2015. As the fund has now soft closed to subscriptions, we have had to take immediate action for regular premium policies. The merger impacts the following guided-architecture products: Oracle, Paragon and Quantum. Click on this story for full details and to view sample letters that have been issued to policyholder and investment advisers advising what action we will be taking ahead of the merger.

Change of Investment Manager - Amundi Islamic Global Resources - Published: 15 Sep 2015

As of 30 September 2015 the investment manager will change from Amundi to CPR Asset Management. This fund is available within our Oracle, Quantum and Paragon ranges. Click link for more details.

Fund Closures - SPILA Bonus Growth Range of Funds - Published: 04 Sep 2015

On the 1st December 2015, the SPILA range of Bonus Growth funds will close affecting closed products that were sold under the SPILA brand. Click on this story for the full details and to view sample policyholder letters.

Fund Merger - Aberdeen UK Flexible Strategy Fund - Published: 28 Aug 2015

Aberdeen have proposed a merger of its Aberdeen UK Flexible Strategy Fund on 11 September 2015. The merger impacts the following guided-architecture products: Oracle, Paragon and Quantum. We will be taking action ahead of the merger for affected policyholders. Click on this story for full details and to view sample letters that have been issued to policyholder and investment advisers.

Change of Index - BNP Paribas Islamic Equity Optimiser Fund - Published: 18 Aug 2015

Effective 14 September 2015, the fund will change index to the “Dow Jones Islamic Market Developed Markets Top Cap Index”, amending its stock selection methodology in line with this. The change affects our guided architecture products: LifePlan, Oracle, Paragon, Quantum & Protected Lifestyle. Policyholders have been written to. Click on this story for more details.

Name and Objective Change - JPMorgan Eastern Europe Equity Fund - Published: 03 Aug 2015

Effective 30 September 2015, the fund will change name to the JPMorgan Emerging Europe Equity Fund and amend its objective and policy to reflect this. This affects our guided architecture products: Oracle, Paragon and Quantum. Policyholders have been written to. Click on this story for more details.

Name Change - Invesco Perpetual UK Aggressive Fund - Published: 30 Jul 2015

On 30 September 2015, the fund will change name to the Invesco Perpetual UK Focus Fund. This affects our guided architecture products: Oracle, Paragon and Quantum. As it is only a name change, policyholders have not been written to on this occasion.

Fund Merger - Aberdeen UK Opportunities Fund - Published: 30 Jun 2015

The Aberdeen UK Opportunities Fund will be merging into the Aberdeen UK Equity Fund on 10 July 2015. The merger impacts the following guided-architecture products: Oracle, Paragon and Quantum. We will be taking action ahead of the merger for affected policyholders. Click on this story for full details and to view sample letters that have been issued to policyholder and investment advisers.

Fund Closure - OFS International Balanced Broker Funds - Published: 27 May 2015

Following a long period of suspension, the OFS broker funds have now been formally closed without value. Policyholders have been written to notifying them of what this means in regard to their policy. The closure affects guided architecture products that were sold under the SPILA brand. For full details and to view copies of letters click on this story.

Investment Policy Change - Pictet Absolute Return Global Diversified Fund - Published: 22 May 2015

Pictet will be making a number of changes including broadening the Fund's investment options on 26 May 2015. The changes impact the following guided-architecture products: LifePlan, Oracle, Paragon and Quantum. Click on this story for full details and to view sample letters that have been issued to policyholders and investment advisers.

Fund Closure - Investec GSF Managed Currency - Published: 22 May 2015

We have been informed by Investec Asset Management that they intend to close their Investec GSF Managed Currency Fund on 19 June 2015.

Objective Change - Invesco Global High Income Fund - Published: 22 May 2015

Invesco Global Asset Management will be making changes to the investment objective and policy of the Invesco Global High Income Fund on 7 August 2015. The changes affect our closed product: Preference. Policyholders and Investment Advisers have been written to about the changes. Click on this story for the full details and to view sample letters.

Portfolio Holdings Change - BNY Mellon Global Equity Fund - Published: 13 Mar 2015

Following a review, BNY Mellon will be making a small amendment to the number of holdings held within the fund. The fund will move to a more concentrated portfolio of around 60-90 holdings. This impacts the following guided-architecture products: Kudos, LifePlan, Preference, Prosper and Protected Lifestyle. Click on this story for full details.

Portfolio Holdings Change - BNY Mellon Global Opportunities Fund - Published: 13 Mar 2015

Following a review, BNY Mellon will be making a small amendment to the number of holdings held within the fund. The fund will move to a more concentrated portfolio of around 30 to 50 holdings. This impacts the following guided-architecture product: Prosper. Click on this story for full details.

Name and Objective Change - Henderson Horizon Japanese Equity Fund - Published: 10 Mar 2015

The Henderson Horizon Japanese Equity Fund will change name to the Henderson Horizon Japan Opportunities Fund on 1 April 2015. It will also amend its objective and benchmark. The changes impact the following guided-architecture products: Oracle, Paragon and Quantum. Click on this story for full details and to view sample letters that have been issued to policyholders and investment advisers.

Fund Suspension Update - Advance notice of closure of the OFS International Balanced broker funds - Published: 05 Mar 2015

Following a long period of suspension we will be closing the OFS International Balanced broker funds on 23 April 2015. Letters have been issued to policyholders explaining the reason for the closure and what this means for them. This impacts closed products that were sold under the SPILA brand. For full details and to view a copy of the policyholder letter click on this story.

Fund Merger - JPM Global Consumer Trends Fund - Published: 12 Feb 2015

The JPM Global Consumer Trends Fund will be merging into the JPM Global Unconstrained Equity Fund on 27 March 2015. The merger impacts the following guided-architecture products: Oracle, Paragon and Quantum. We will be taking action ahead of the merger for affected policyholders. Click on this story for full details and to view sample letters that have been issued to policyholder and investment advisers.

4 New Islamic fund links for Oracle, Paragon, Quantum & LifePlan - Published: 12 Feb 2015

We’ve added more Islamic funds to our products, following adviser demand. This takes the core number of Islamic fund links to 9 for Oracle, Paragon and Quantum, and 6 for LifePlan. Click on this story for more details.

Fund Closure - Aberdeen UK Opportunities - Euro share class - Published: 06 Feb 2015

Aberdeen Asset Management Limited has closed its Euro denominated share class of the Aberdeen UK Opportunities fund. This impacts the following guided-architecture products: Oracle, Paragon and Quantum. Letters have been sent to policyholders and advisers. Click on this story for full details and to view sample letters.

KSF IoM - 10th Liquidation Distribution - Published: 19 Dec 2014

KSF (IoM) has announced a further liquidation distribution of 2p in the pound. This brings the total distributions to 100%.

8 new fund links for LifePlan - Published: 03 Nov 2014

Following a fund review we are pleased to announce the addition of 8 new core fund links to LifePlan. That’s 13 when all currency variants are taken into account. The funds are available with immediate effect. The new links include a Healthcare fund, a North America Equity fund, and 2 Global Equity Income funds. Click on this story for more details.

22 new fund links for Oracle, Paragon and Quantum - Published: 03 Nov 2014

Following a fund review we are pleased to announce the addition of 22 new core fund links (that’s 40 when all currency variants are taken into account) to the ranges. The funds are available with immediate effect. The new links include Healthcare, Global Equity Income, Infrastructure and Alternative Energy. Click on this story for more details.

Funds Removed - Oracle, Paragon and Quantum - Published: 03 Nov 2014

Following a fund review we have removed 10 fund links (plus their currency variants) to new business with immediate effect. Existing policyholders can continue to invest in the affected funds for 3 months, at which point they will need to switch into an alternative fund. Click on this story for full details.

Fund Maturity - SPILA Bonus Growth 2014 - Published: 28 Oct 2014

The Scottish Provident International Life Assurance (SPILA) USD and GBP Bonus Growth 2014 funds have reached the end of their maturity year. Policyholders should now choose whether to encash their fund value or switch into an alternative fund from the choice available to their policy. Affected policyholders have been written to, notifying them of their options. The maturity affects closed products that were sold under the SPILA brand. Click on this story for more details.

Base Currency Change - Henderson Horizon Japanese Equity Fund - Published: 22 Oct 2014

With effect 17 November 2014 the base currency of the fund will change from USD to JPY. This impacts the following guided-architecture products: Quantum, Oracle and Paragon. Policyholders invested in the fund as at 16 October 2014 have been written to. For more details click on this story.

Fund Closure - Natixis Gateway US Equities - Published: 29 Sep 2014

‘Natixis International Funds (Lux) I’ have advised that they will close the fund on 15 November 2014 due to rationalisation. This impacts the following guided-architecture products: Oracle, Paragon and Quantum. Letters have been sent to policyholders and advisers. Click on this story for full details and to view sample letters.

KSF IoM - 9th Liquidation Distribution - Published: 22 Sep 2014

KSF (IoM) has announced a further liquidation distribution of 2.2p in the pound.

Fund Closure - Franklin Mutual Global Discovery 'A' Acc CHF Hedged - Published: 05 Sep 2014

After careful analysis and review, the board of directors of Franklin Templeton Investment Funds has decided to close the 'A (Acc) CHF Hedged' share with effect from 26 September 2014. This impacts the following guided-architecture products: Oracle, Paragon and Quantum. Letters have been sent to policyholders and advisers. Click for full details and to view sample letters.

Fund Closure - Parvest Opportunities USA Fund - Published: 04 Jul 2014

Following a programme of fund rationalisation, BNP Paribas will close its Parvest Opportunities USA Fund and merge all holdings into its Parvest Equity USA Value Fund on 18 July 2014. The Fund features in the following guided products: Oracle, Paragon and Quantum. Affected policyholders have been written to about the closure. Click on this story for the full details and to view sample letters.

Fund Closures - SPI USD & GBP Global Managed Funds - Published: 17 Jun 2014

Following a review, RL360° will be closing both the SPI USD Global Managed and SPI GBP Global Managed Funds on 9 September 2014. The funds are now soft closed. Affected policyholders have been written to, notifying them of their options. The fund closures affect closed products that were sold under the SPILA brand. Click on this story for the full details and to view sample policyholder letters.

Fund Changes - Natixis Hansberger Emerging Latin America Fund - Published: 02 May 2014

On 10 April 2014 the Fund will undergo a number of modifications which includes a change of name to "Natixis Emerging Latin America Equity". The Fund features in the following products: Oracle, Paragon and Quantum. For further details of the changes click on this story.

Fund Changes - Sarasin Agrisar Fund - Published: 02 May 2014

The fund will change its name to "Sarasin Food and Agriculture Opportunities" on 16 June 2014. Changes to share class references and charges will also apply. The Fund features in the following products: Oracle, Paragon and Quantum. For further details of the changes click on this story.

Fund Closure - BNY Mellon Evolution Global Alpha Fund - Published: 22 Feb 2014

We have been informed by BNY Mellon that they intend to close their BNY Mellon Evolution Global Alpha fund on 14 March 2014. The Fund features in the following products: Oracle, Quantum, Paragon and LifePlan. Affected policyholders have been written to about the closure. Click on this story for the full details and to view sample letters.

Fund Update - Global Strategic Balanced broker fund - Published: 08 Feb 2014

Policyholders invested in the broker fund have now had the 20.15% liquid payment from the underlying Strategic Growth fund applied to their policies. Affected policyholders have been written to providing them with an update on the matter. The suspended fund affects closed products that were sold under the SPILA brand. For full details and to view copies of letters click on this story.

Fund Rationalisation - RL360° Capital Protected Funds - Published: 24 Dec 2013

Following a review we will be closing a number of our internal Capital Protected Funds in March 2014. The closures affect policies that can access the RL360° Capital Protected Funds. Affected policyholders have been written to. Click on this story for the full details and to view sample letters.

Fund Maturity - SPILA Bonus Growth 2013 - Published: 18 Dec 2013

The Scottish Provident International Life Assurance (SPILA) USD and GBP Bonus Growth 2013 funds have reached the end of their maturity year. Policyholders should now choose whether to encash their fund value or switch into an alternative fund from the choice available to their policy. Affected policyholders have been written to, notifying them of their options. The maturity affects closed products that were sold under the SPILA brand.

Fund Closure - BNY Mellon Vietnam, India & China fund - Published: 19 Nov 2013

We have been informed by BNY Mellon that they intend to close their BNY Mellon Vietnam, India & China Fund on 6 December 2013. The Fund features in the following products: Oracle, Paragon and Quantum. Affected policyholders have been written to about the changes. Click on this story for the full details and to view sample letters.

Fund Suspension Update - Global Strategic Balanced broker fund - Published: 15 Nov 2013

We have received a small liquid payment from the underlying Strategic Growth fund and will now commence an internal process which will allow policyholders access to the proceeds received. Affected policyholders have been written to providing them with an update on the matter. The suspended fund affects closed products that were sold under the SPILA brand. For full details and to view copies of letters click on this story.

Name & Investment Policy Change - Henderson Gartmore Global Focus Fund - Published: 07 Nov 2013

On 1 December 2013 the Henderson Gartmore Global Focus Fund will undergo a change of name and an amendment to its investment policy. The fund features in the following products: Oracle, Paragon and Quantum. Affected policyholders have been written to about the changes. Click on this story for the full details and to view sample letters.

Fund merger - JPM Global Total Return - Published: 01 Nov 2013

On 25 October 2013 the JPM Global Total Return Fund merged into the JPM Global Capital Appreciation Fund. The merger affects the following products: Oracle, Paragon and Quantum. Policyholders have been written to about the merger. Click on this story for the full details and to view sample letters.

Fund merger - Henderson Global Focus Fund - Published: 29 Oct 2013

Subject to shareholder approval, Henderson Global Investors will merge the Henderson Global Focus Fund into the Henderson International Fund on 14 November 2013. The merger affects our closed product: Preference. Affected policyholders have been written to about the merger. Click on this story for the full details and to view sample policyholder and adviser letters.

Fund Merger - Blackrock UK Dynamic Fund - Published: 11 Oct 2013

Blackrock have merged their Blackrock UK Dynamic fund into the Blackrock UK fund. The merger affects the following closed product: Kudos. Policyholders have been written to about the merger. Click on this story for the full details and to view sample policyholder letters.

Fund Merger - JPMorgan Global Balanced Fund (USD) - Published: 11 Oct 2013

On the 29 November 2013 the JPMorgan Global Balanced Fund (USD) will be merged into the JPMorgan Global Balanced Fund (EUR).The merger affects the following product: Lifeplan. Policyholders have been written to about the merger. Click on this story for the full details and to view sample policyholder letters.

Fund Closure - Fidelity Funds Asia Pacific Property A Acc (EUR) Fund - Published: 11 Oct 2013

Fidelity fund managers have announced their intention to close their Fidelity Funds Asia Pacific Property Fund A Acc (EUR) fund on 18 December 2013. The closure affects the following products: Quantum, Paragon and Oracle. Policyholders have been written to about the closure. Click on this story for the full details and to view sample policyholder letters.

Fund Merger - JPMorgan Global Bond Fund (USD) - Published: 11 Oct 2013

JPMorgan have announced that on the 29 November 2013 they will merge the JPMorgan Bond Fund (USD) into the JPMorgan Aggregate Bond Fund (USD). The merger affects the following closed product: Preference. Policyholders have been written to about the merger. Click on this story for the full details and to view sample policyholder letters.

Closing to subscriptions - BlackRock Global Funds - Continental European Flexible Fund - Published: 08 Oct 2013

BlackRock will be closing their BlackRock Global Funds – Continental European Flexible fund to subscriptions on 7 November 2013 as the fund is nearing capacity. In order to ensure the fund is kept within a size that enables it to be optimally managed and in the best interests of shareholders, they will close subscriptions to both existing and new investors. The closure affects the following closed products: Preference and Prosper. Policyholders have been written to about the closure. Click on this story for the full details and to view sample policyholder letters.

Fund suspension update - Global Strategic Balanced broker fund - Published: 25 Sep 2013

The directors of the Strategic Growth fund, which is the underlying fund to the Global Strategic Balanced broker fund, have issued a further update with regard to the suspension of the asset. Affected policyholders have been written to providing the latest information. The suspended fund affects closed products that were sold under the SPILA brand. Click on this story to view the latest update.

Fund closure - HSBC Amanah Global Equity fund - Published: 27 Aug 2013

Following a strategic review by HSBC, they intend to focus their Islamic finance offering on customers solely in Malaysia and Saudi Arabia, and remove the HSBC Amanah funds from all third party wholesale distributors by the end of August 2013. This affects our guided architecture products Quantum, Oracle and Paragon. The fund will be removed from the fund ranges with immediate effect. Click on this story to read details on how this affects existing investors and to view sample letters we have issued.

Fund Merger - JP Morgan Asia Pacific ex Japan Equity Fund - Published: 14 Aug 2013

On 13 September 2013 the JP Morgan Asia Pacific ex Japan Equity Fund will merge with the JPMorgan Asia Pacific ex-Japan Behavioural Finance Equity Fund. As a result, the merged funds will be re-named the JPMorgan Funds – Asia Pacific Strategic Equity Fund. This merger will affect the following products: Quantum, Oracle and Paragon. Click on this story for further details.

KSF IoM - 8th Liquidation Distribution - Published: 22 Jul 2013

KSF (IoM) has announced a further liquidation distribution of 4.8p in the pound.

Fund suspension - OFS International Balanced broker funds - Published: 11 Jul 2013

The OFS International Balanced broker funds have been suspended with effect 26 June 2013. The funds invest in two Private Client Portfolio Funds (PCP) which invests assets in funds managed by LM Investment Management Limited that went into voluntary administration in Australia on 19 March 2013. The suspended funds affect closed products that were sold under the SPILA brand. Letters have been issued to affected policyholders advising how it impacts their policy.

4 more funds added to Quantum, Oracle and Paragon - Published: 08 Jul 2013

We’ve added the Renaissance Pan-African fund and 3 funds from the Harmony Portfolio range which are managed by Momentum Global Funds. The July investment guides, which include the 4 additions, are available to download now. Click on this story for more details.

Update on the Global Strategic Balanced broker fund - Published: 05 Jul 2013

The directors of the Strategic Growth fund, which is the underlying fund to the Global Strategic Balanced broker fund, have issued an update with regard to the suspension of the asset. Affected policyholders have been written to providing the latest information. The suspended fund affects closed products that were sold under the SPILA brand.

Closing to subscriptions - Renaissance Sub-Saharan fund - Published: 05 Jul 2013

Renaissance Asset Managers have advised that they intend to 'hard' close their Sub-Saharan fund as it is nearing capacity at a fund size of almost US$200 million. The closure to subscriptions will affect our guided architecture products Quantum, Oracle and Paragon. The fund will be removed as an investment option from these products with immediate effect and replaced with the Renaissance Pan-African fund. Affected policyholders have been written to.

Objective Change - Fidelity Emerging Europe, Middle East and Africa Fund - Published: 13 Jun 2013

We have been informed by the Fidelity board of Directors that the Emerging Europe, Middle East and Africa Fund will change its investment objective from 8 July 2013. A policyholder notification will be issued to those affected by the change. Click on this story for further details.

Objective change - Fidelity MoneyBuilder Income Fund - Published: 31 May 2013

Fideilty have announced that subject to regulatory approval, they intend to make changes to the investment objective of the MoneyBuilder Income fund. These changes are scheduled to take place on the 16 August 2013 and all affected policyholders have been written to. Click on this story for further details.

Performance fees - Amundi funds - Published: 10 May 2013

The Directors of the Amundi Fund range have announced that they have agreed to implement a performance fee for AU and AE classes of shares of several funds within their current fund range. The implementation will affect the following products: Oracle, Quantum and Paragon. All affected policyholders have been written to. Click on this story for further details.

Fund transfers - BNP Paribas L1 SICAV to Parvest SICAV - Published: 26 Apr 2013

BNP Paribas Investment Partners have announced that they are looking to separate out their two brands to target specific markets. They will be carrying out a number of fund transfers from their BNP Paribas L1 SICAV fund range into their Parvest SICAV fund range. These fund transfers will affect the following products: Oracle, Quantum and Paragon. Click on this story for further details.

Fund closure - BNY Mellon Sterling Bond - Published: 25 Apr 2013

BNY Mellon have announced the closure of their BNY Mellon Sterling Bond effective on or around the 25 April 2013. Following a review the Directors of the BNY Mellon Global Funds plc have concluded that the small size of the fund may be preventing it from achieving the economies of scale in ongoing operating costs that would best serve the interest of investors in the fund. The closure affects the following closed products: Preference and Prosper. Affected policyholders have been written to.

Fund merger - JPM US Dynamic Fund - Published: 24 Apr 2013

On 31 May 2013 the JPM US Dynamic fund will merge with the JPM US Dynamic 130/30 fund. As a result, the merged funds will be re-named the JPMorgan US Equity Plus Fund. This merger will affect the following products: Kudos and PIMS. Click on this story for further details.

Even more funds added to Oracle, Paragon and Quantum - Published: 12 Mar 2013

Following the recent launch of 13 new funds to the ranges, we're pleased to announce the addition of a further 7 funds with effect from March 2013. The funds include 2 single country equity funds, 3 more managed funds, an ASEAN equity fund and an Islamic fund investing in global resources. March investment guides, which include the 7 additions, are available to download now.

Suspension of the Global Strategic Balanced broker fund - Published: 08 Mar 2013

The direct underlying fund link that the Global Strategic Balanced broker fund invests in has been suspended following a large number of redemption requests. They have done this whilst they manage the redemption process. As a consequence we have had to suspend the Global Strategic Balanced broker fund to protect the interests of our own policyholders. Click on this story for further details and to find out how this impacts our policyholders.

Templeton Global Bond fund added to the LifePlan fund range - Published: 04 Feb 2013

With effect from 4 February 2013, the fund will be available in 3 currency variants, USD, EUR, EUR Hedged and CHF Hedged. As a consistent 1st and 2nd quartile performer we're sure you and your clients will find it a worthy addition to the range.

13 new fund links enhance the Quantum, Oracle and Paragon fund range - Published: 04 Feb 2013

We have just concluded our latest fund review and are pleased to announce the addition of 13 new links (21 when all currency variants are taken into account). If you want your clients to have exposure to Indonesia or Africa, or companies in the designer brands market, the new fund additions could offer you that investment opportunity.

Fund removals that affect Quantum, Oracle and Paragon - Published: 04 Feb 2013

We have just concluded our annual fund review and after in-depth analysis we have decided to remove 5 funds that no longer satisfy the requirements of the range. With effect from 4 February 2013 these funds will not be available to newly issued policies and will not be available to existing policyholders wishing to invest in the funds for the first time. A policyholder notification will be issued to those affected by the closures providing them with 3 months notice to select an alternative fund within the range.

Fund Maturity - SPILA Bonus Growth 2012 - Published: 16 Jan 2013

The Scottish Provident International Life Assurance (SPILA) USD and GBP Bonus Growth 2012 funds have now reached the end of their maturity year. The Bonus Growth Funds promise that in a particular year, the 'guarantee year', the fund value will be calculated using the highest ever bid price achieved since the fund was launched. The 2012 Fund has now reached this point and in aiming to maintain and, indeed, improve on the highest bid price achieved, the fund now holds deposit based investments. Policyholders should now choose whether to encash their fund value or switch into an alternative fund from the choice available to their policy. Affected policyholders have been written to, notifying them of their options. The maturity affects closed products that were sold under the SPILA brand.

Brand changes - JPMorgan/JF Funds - Published: 16 Jan 2013

JPMorgan have advised that they are removing the ‘JF’ brand from their funds. With effect from 4 February 2013, any JPMorgan fund that had 'JF' in its name will now be referred to as JPMorgan (for example, JF Singapore will become JPMorgan Singapore). We have a range of JF funds in both our new business and closed products. For the new business products the changes will be reflected in the published Investment Guides. The changes affect the following products: Prosper, Preference, Oracle, Quantum, Paragon and PIMS. Policyholder letters have been issued for the closed products.

Suspension lifted - FP Symphony International Balanced fund - Published: 15 Jan 2013

Further to our announcement published 23 October 2012, proceeds equating to 84% of the fund value, representing the assets of the underlying fund that were liquid and could be sold, have now been paid back to us. For the remaining 16% of non-liquid assets it is not possible for the investment manager to give us a timescale as to when these may be paid back to us. Therefore, in order to reactivate the fund as soon as possible we have recommenced pricing, based on the 84% received, with immediate effect. The unit price will therefore be lower than that calculated just prior to the suspension date. This fund will now purchase units in the new underlying fund link, the Harmony Portfolios US Dollar Balanced fund. Subsequently, the fund will be renamed to the FP Harmony USD Balanced fund to reflect this. The changes affect all closed products that have access to the SPILA Broker fund range. A client communication has been issued to all affected policyholders.

Name and investment policy change - Natixis Harris Associates Global Value Fund - Published: 17 Dec 2012

On 7 January 2013, Natixis International Funds (Lux) will change the name of their Harris Associates Global Value Fund to the Natixis Harris Associates Global Equity Fund. There will also be a modification of the investment policy to withdraw the possibility for the fund to enter into securities lending, borrowing transactions as well as repurchase agreements and reverse repurchase agreements which will reduce the funds exposure to risk. The amendment affects the following guided architecture products: Oracle, Paragon and Quantum. Affected policyholders have been written to, notifying them of the changes.

Unit Split - Carmignac Patrimoine EUR Fund - Published: 10 Dec 2012

On 12 November 2012, Carmignac Gestion carried out a split on the units of the Carmignac Patrimoine A EUR Acc fund. In order to do this, the net asset value per unit has been divided by 10, which means that the number of units held by each shareholder has been multiplied by 10 (for example, if a shareholder held 5 units, they now hold 50). We are currently undertaking the administration process of applying this change to the policies of those invested in the fund. The changes affect the following guided architecture products: Oracle, Paragon, Quantum and LifePlan. Affected policyholders have been written to, notifying them of the unit split.

Fund Closure - Natixis ASG Laser - Published: 09 Nov 2012

The Board of Directors of the Natixis International Funds (Lux) have decided to liquidate the Natixis ASG Laser fund due to an economic rationalisation. The formal closure date will be 30 November 2012. The closure affects the following guided architecture products: Oracle, Paragon and Quantum. Affected policyholders have been written to to notify them of the closure.

Fund Suspension - FP Symphony International Balanced - Published: 23 Oct 2012

Financial Partners, the adviser to the fund, are planning to change the underlying fund in order to increase its performance potential. As RL360° are the largest shareholder in the fund, the investment manager has advised that once we redeem our holding, the underlying fund will become too small to manage and will have to be formally closed. They have suspended the fund whilst they undertake the process to sell the assets and return proceeds to investors. In light of this it has been necessary to suspend the FP Symphony International Balanced fund until we receive the redemption proceeds. The suspension affects all closed products that have access to the SPILA Broker fund range. A client communication has been issued to all affected policyholders.

Fund Closure - HSBC Amanah Asia Pacific ex Japan Equity and HSBC Amanah Europe Equity - Published: 24 Jul 2012

The Board of Directors of HSBC Amanah have decided to close their HSBC Amanah Asia Pacific ex Japan Equity Fund and their HSBC Amanah Europe Equity Fund on the 27 August 2012. As assets under administration have not grown sufficiently enough, and unlikely to in the future, to make either fund viable over the long term, they consider liquidation of the fund to be in the best interests of investors. The change affects the following guided-architecture products: Quantum, Paragon, Oracle. Affected policyholders have been written to.

Fund Closure – Invesco Sterling Reserve - Published: 03 May 2012

The board of directors of Invesco Global Asset Management Limited have decided to close their Invesco Sterling Reserve Fund on 10 July 2012. As the size of the fund has reduced to a level significantly below the threshold set out in the fund prospectus they feel that it is no longer viable, or in the best interests of shareholders, to continue running the fund. The change affects the following guided-architecture products: Preference and Kudos. Affected policyholders have been written to.

Change of Objective - Schroder ISF Asian Bond Absolute Return Fund - Published: 21 Mar 2012

The board of directors of the Schroder International Selection Fund has decided to amend the investment objective and to change the methodology for calculating the global risk exposure of the Schroder ISF Asian Bond Absolute Return Fund with effect from 2 April 2012. The changes affect the following guided-architecture products: Preference, Kudos, Prosper, Quantum, Paragon, Oracle, LifePlan. Affected policyholders have been written to to notify them of the changes.

Name & Objective Change - Schroder ISF Pacific Equity Fund - Published: 21 Mar 2012

With effect from 2 April 2012 the Schroder ISF Pacific Equity Fund will change name to the Schroder ISF Asian Opportunities Fund. This is to reflect a change in investment objective to focus on companies in Asia rather than in the broader Pacific region. The changes affect the following guided-architecture ranges: Preference and Prosper. Affected policyholders have been written to.

Fund Closure – Selector World Shariah Value - Published: 16 Mar 2012

The Selector World Shariah Value Fund has been closed due to significant changes in its economic situation. Values have been returned to shareholders. The changes affect the following guided-architecture ranges: Quantum, Paragon, Oracle and LifePlan. Affected policyholders have been written to.

Fund Closure – Forsyth Franco International - Published: 15 Mar 2012

Following the suspension of the Forsyth Franco International Fund in May 2010 due to an underlying asset of the fund going into liquidation, the appointed liquidators have now advised that we have received as much of the liquidating proceeds that are available from the underlying asset. Therefore in the best interests of policyholders we will be closing the Forsyth Franco International Fund on 5 April 2012 allowing policyholders access to the recovered funds. The closure affects products sold by Scottish Provident International Life Assurance (SPILA) prior to 2004 that could only access the SPILA internal fund range. Affected policyholders have been written to to notify them of the closure and intended course of action.