Generic Links

 

Welcome to RL360°'s

dedicated financial adviser website

For financial advisers only

Not to be distributed to, or relied on by, retail clients

Online Services Secure online services

Sign in | Register

Read all about it...

Find out more about the issues you're interested in our comprehensive library of related news and relevant articles

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.

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.

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.

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.

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.

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.

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%.

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 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 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.

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 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 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.

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.

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 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.

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.

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 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.