We’re merging the Scottish Equitable Kames UK Smaller Companies fund and UK Smaller Companies fund

Back to results

On 29 February 2016, we’re merging the Scottish Equitable Kames UK Smaller Companies pension fund into the UK Smaller Companies pension fund. 

When this happens:

  • The fund name will change from the Scottish Equitable Kames UK Smaller Companies pension fund  to the UK Smaller Companies pension fund
  • The additional disclosable yearly charges on your investment will reduce from 0.65% to 0%

Why are we merging these funds? 

Both funds are very similar in that they invest in the same underlying assets, share the same fund manager and have the same investment objective. 

We always strive to reduce costs for our customers across our range and therefore we have taken the decision to merge the more expensive of the funds into the cheaper, UK Smaller Companies pension fund. The additional disclosable yearly charges on your investment will reduce from 0.65% to 0%.

Our life fund range

Please note that alongside this change, the Scottish Equitable Kames UK Smaller Companies life fund will also be changing its name to the UK Smaller Companies life fund, to ensure it remains in line with its pension equivalent. 

The additional disclosable yearly charges for this fund will also reduce from 0.65% to 0%.

How does this affect investors?

On 28 February 2016, we’ll merge existing investors in the Scottish Equitable Kames UK Smaller Companies pension fund into the UK Smaller Companies pension fund, unless they tell us otherwise beforehand. 

We have written to investors to inform them of this merger.