Closure of the SVS Brooks Macdonald Blueprint Funds
We have received notification from Brooks Macdonald of their intention to merge the B share classes of the SVS Brooks Macdonald Blueprint Cautious Growth, SVS Brooks Macdonald Blueprint Balanced and SVS Brooks Macdonald Blueprint Strategic Growth funds (the “Closing Funds”) into the equivalent A share classes.
ACTION RL360 WILL BE TAKING
The A share classes of the funds are not available in our Savings and Investments fund range or Protection fund range. Therefore, we will instead switch plan owner holdings into alternative receiving funds from our defined fund range on 21 May 2025 (the “Switch Date”), just ahead of the merger taking place. Please see below for details on the receiving funds we have selected. Please refer to the Appendix in the sample letters opposite for comparative information between the Closing Funds and the Receiving Funds.
For LifePlan, Oracle, Paragon, Quantum and Regular Savings Plan (including Malaysia variants) plans:
| Closing Fund Name | Closing Fund ISIN | Receiving Fund Name | Receiving Fund ISIN |
|---|---|---|---|
| SVS Brooks Macdonald Blueprint Cautious Growth B Acc GBP | GB00B5W8NJ69 | Artemis Monthly Distribution R Acc GBP | GB00B74BQB01 |
| SVS Brooks Macdonald Blueprint Balanced B Acc GBP | GB00B054QG49 | Guinness Multi Asset Balanced R Acc GBP | IE00BG5QR588 |
| SVS Brooks Macdonald Blueprint Strategic Growth B Acc GBP | GB00BDX8Y988 | Guinness Multi Asset Growth R Acc GBP | IE00BG5QRQ91 |
For Protected Lifestyle plans:
| Closing Fund Name | Closing Fund ISIN | Receiving Fund Name | Receiving Fund ISIN |
|---|---|---|---|
| SVS Brooks Macdonald Blueprint Balanced B Acc GBP | GB00B054QG49 | GAM Star Global Flex A Acc GBP | IE00B55YB208 |
With immediate effect, the Closing Funds are no longer available for new business investment and switches in. Existing investors can remain invested until the date we switch them. On the Switch Date, any holdings in the Closing Funds will be automatically switched, and any regular premium allocation redirected (if applicable), into the corresponding Receiving Fund.
If plan owners are happy with our choice of Receiving Fund then they do not need to do anything, however, if they would prefer to switch to a different fund it is very easy to do, by completing and returning a Fund Switch Instruction form or, if registered for online switching, conducting a switch online fast and efficiently. If they wish to override the automatic switch and premium redirection to the Receiving Fund we must receive alternative instructions by 12noon (UK time) on 20 May 2025.
More information for the Closing Funds and Receiving Funds can be obtained from the Documents tab of the relevant product fund centre. Documents include factsheet, prospectus and the key investor information document which details charges, fund objective and strategy and risks associated with the funds.
Notification has been sent to affected clients, or their appointed investment adviser, primarily by email, with letters sent by post where we do not hold a valid email, and to those who prefer to receive letters by post. Servicing agents have also been notified.