We’ve made changes to some of our largest insured multi-asset and lifestyle funds

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Following a review of our multi-asset and lifestyle funds, we’ve taken steps to ensure we continue to meet our customers’ needs, now and in the future. In doing so, we’ve made changes to some of our largest multi-asset and lifestyle 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 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 multi-asset and lifestyle fund changes

Our range of Diversified funds invests across a broad range of asset classes and/or geographic regions and includes our range of lifestyle funds. 

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 ?
Balanced Lifestyle Fund description  Yes
Benchmark  No
Sector  No
Cautious Lifestyle Fund description  Yes
Benchmark  No
Sector  No
Distribution Fund description  Yes
Benchmark  No
Sector  No
Ethical Cautious Fund description  Yes
Benchmark  No
Sector  No
Mixed Fund description  Yes
Benchmark  No
Sector  No
Property Fund description  Yes
Benchmark  No
Sector  No
Cash Fund description  Yes
Benchmark  No
Sector  No