We’ve made a change to the fund objective for the Scottish Equitable Sequel Balanced Journey Retirement fund. The change clarifies how the funds invests and what it aims to do.
Nothing else about the fund will change because of these updates. For example, how the fund invests, the fund manager, charges and Aegon risk rating will remain the same.
The change in more detail
The old and updated fund objective for the fund is shown below:
| Old fund objective | Updated fund objective |
|---|---|
| This fund is for investors in the SE Sequel Balanced Journey fund that have reached the end of the risk-reduction stage. We’ll automatically switch investors into this fund on their Nominated Retirement Date (NRD), unless they tell us how they want to take their retirement benefits before then. The fund aims to invest in a mix of investment types (bonds, cash and shares) appropriate to your attitude to risk, and aims to give you more certainty about the size of annuity you can buy when you retire, as well as provide you with your maximum tax-free cash (25% under current legislation). Sequel Investments Limited (SIL) is a professional investment advisory firm, owned by Foster Denovo Group. SIL provides the asset allocation model and oversight for all the Sequel funds, for which they receive a fee, paid from the funds’ annual management charge. The fee depends in part on how much money is in these funds. | This fund is for investors in the SE Sequel Balanced Journey fund that have reached the end of the risk-reduction stage. We’ll automatically switch investors into this fund on their Nominated Retirement Date (NRD), unless they tell us how they want to take their retirement benefits before then. The fund aims to invest in a mix of investment types (bonds, cash and shares) appropriate to your attitude to risk, while you decide how you want to take your retirement income, as well as provide you with your maximum tax-free cash (25% under current legislation). Sequel Investments Limited (SIL) is a professional investment advisory firm, owned by Foster Denovo Group. SIL provides the asset allocation model and oversight for all the Sequel funds, for which they receive a fee, paid from the funds’ annual management charge. The fee depends in part on how much money is in these funds. |
What current investors need to do
Existing investors don’t need to do anything. Please speak to a financial adviser if you’re unsure about what these changes mean for you. If you don’t have a financial adviser you can find one in your area at moneyadviceservice.org.uk.