We’ve made changes to some of our largest insured fixed income funds

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Following a review of our fixed income fund range, we’ve taken steps to ensure we continue to meet customers’ needs, now and in the future. In doing so, we’ve made changes to some of our largest fixed income funds across our pension and life fund ranges to make it clearer what each fund aims to do and how performance is measured. 

In the majority of cases, we’ve made minor changes to the fund objective fund benchmark or Association of British Insurer (ABI) sector. 

Everything else about the funds remains the same, including the fund charges and risk ratings. 

You can find out more about these changes below, or download this summary of the changes (PDF - 1.6mb)(Opens new window)

These are some of our oldest and largest funds and we review them regularly to ensure they’re still meeting our customers’ needs. 

As part of this year’s exercise, we decided we could make the existing fund descriptions clearer for customers in terms of what the funds aim to do and how success is measured in performance terms.

Current investors don’t need to do anything. Everything else about the funds remains the same, including the fund charges and risk ratings. 

The changes will be implemented gradually across our website and supporting literature, so you may notice both the old and new fund descriptions, fund benchmarks and Association of British Insurers (ABI) sectors in use for a time. 

If you’re a current investor, you can change your investment choice at any point. If you want to make changes to your investment you can send us a switch form, use our online services or contact your financial adviser for help.

Insured fixed income fund changes

Our range of fixed income funds invest specifically in Fixed Income securities such as Corporate Bonds, Government Bonds and may invest in one or more geographical location. The table below details each fund and one or more of the changes we’re making to the fund description, benchmark, or Association of British Insurers (ABI) sector.

Fund Fund details Change
Core Plus Fund description  Yes
Benchmark  No
Sector  No
UK Government Bond Fund description  Yes
Benchmark  No
Sector  No
High Yield Corporate Bond Fund description  Yes
Benchmark  Yes
Sector  No
Index-Linked Fund description  Yes
Benchmark  No
Sector  No
Long Gilt Fund description  Yes
Benchmark  No
Sector  No
Overseas Bond Fund description  Yes
Benchmark  No
Sector  No
UK Fixed Interest Fund description  Yes
Benchmark  No
Sector  No
UK Corporate Bond Fund description  Yes
Benchmark  No
Sector  No
UK Long Corporate Bond Fund description  Yes
Benchmark  No
Sector  No