RL360 Preference - Fund updates

Segregation of Hong Kong assets - impacts Hong Kong designated policyholders - Published: 18 Jul 2024

In line with the changing regulatory landscape in Hong Kong, it will become a regulatory requirement for our company to separate the assets of our insurance business carried on in or from Hong Kong, from the assets of our insurance business carried on in or from other jurisdictions.

Changes to various Fidelity funds - Published: 10 Jul 2024

Fidelity has notified us of changes to the Sustainable Investing policy on a number of its funds. These changes will take effect from 30 July 2024.

Fund name and strategy changes - Invesco Responsible Japanese Equity Value Discovery Fund (UK) - Published: 26 Jun 2024

Invesco has notified us of various changes to the investment policy and strategy of the fund, which will take effect on 1 July 2024. In line with this, the fund name will also be amended.

Investment objective changes to Invesco Sterling Bond Fund - Published: 12 Jun 2024

Invesco Funds has notified us of amendments to the Invesco Sterling Bond Fund objective. These changes will take effect 15 July 2024.

Changes impacting Franklin U.S. Government Fund - Published: 11 Mar 2024

Franklin Templeton has decided to amend the investment policy of its Franklin U.S. Government Fund to introduce investments into the "to-be-announced" market. This change will take effect 27 May 2024.

Various Changes to BlackRock Global Funds - Published: 19 Jan 2024

BlackRock Global Funds will be making changes to a number of its funds to adopt ESG principles with effect 23 February 2024. Changes will be made to the funds' investment objective and/or investment strategy in line with this.

Change of Name of Janus Henderson Global Equity Fund - Published: 01 Nov 2023

We have been notified by Janus Henderson Investors that it will be changing the name of its Janus Henderson Global Equity Fund and making amendments to the Fund's investment strategy and sustainability approach. These changes will take effect on 29 November 2023.

Notification of changes to the investment policy of CT Funds - Published: 04 Aug 2023

We have received a notification from Columbia Threadneedle Investments of amendments to the investment policy and benchmark on various CT Funds. This will take effect from 2 October 2023.

Notification of various changes to Fidelity Funds - Published: 18 Jul 2023

We have been notified by Fidelity Funds of upcoming changes to its sub-funds. These changes will take effect from 11 August 2023.

Creation of New Fund for Liquid Assets - Barings Eastern Europe Fund - Published: 05 Jul 2023

Following the suspension of trading on the Barings Eastern Europe Fund in March 2022, due to the situation in Ukraine; Baring International Fund Managers has advised it will transfer the liquid portion of assets to a new fund with effect 21 July 2023.

Change to the investment policy of JPMorgan Pacific Securities Fund - Published: 30 Mar 2023

We have received notification from J.P.Morgan Asset Management of a change to the investment policy on its Pacific Securities Fund. This will take effect on 28 April 2023.

Changes to the investment policy of CT Sterling Corporate Bond - Published: 28 Mar 2023

We have received notification from Columbia Threadneedle Investments of amendments to the benchmark and investment policy on its CT Sterling Corporate Bond. This will take effect on 1 June 2023.

Change to the investment policy and fund name of BNY Mellon Global Equity Fund - Published: 13 Feb 2023

BNY Mellon Global Funds, plc has informed us of a change to investment policy, objective and name of its BNY Mellon Global Equity Fund. The changes will take effect on 23 February 2023.

Changes to the investment policy of Templeton China Fund - Published: 10 Feb 2023

We have been notified by Franklin Templeton Funds of changes to the investment policy of Templeton China Fund which will take effect from 8 March 2023.

Withdrawal of Hong Kong authorisation - Janus Henderson Horizon Euro Corporate Bond Fund - Published: 26 Oct 2022

Due to lack of demand from investors, the Directors of Janus Henderson Horizon Fund have decided to withdraw the Janus Henderson Horizon Euro Corporate Bond Fund from the authorisation of the Securities and Futures Commission (the “SFC”) in Hong Kong. This will take effect from 31 December 2022. This impacts Hong Kong Preference policyholders only. RL360 will be terminating the fund within our Hong Kong Preference fund range on 16 December 2022.

Fund merger - Barings Developed and Emerging Markets High Yield Bond Fund - Published: 25 Oct 2022

On 2 December 2022, Barings will transfer its Barings Developed and Emerging Markets High Yield Bond Fund from its Barings Global Umbrella Fund range into the same fund in its Umbrella Fund plc range by way of a merger. This is to simplify the Barings fund range offering and improve the client experience. The merger will be conducted on a 1:1 merger ratio.

Various changes - BNY Mellon Funds - Published: 10 Oct 2022

BNY Mellon will be applying investment policy clarifications and investment strategy changes to the BNY Mellon Asian Equity and BNY Mellon Long-Term Global Equity funds, which feature in our defined fund ranges. The name of the BNY Mellon Asian Equity fund will also be updated. The changes will take effect on 7 November 2022.

Removal from Preference - BGF Japan Small & Midcap Opportunities - Published: 05 Oct 2022

Due to lack of the demand from investors, RL360 has taken the decision to remove BGF Japan Small & Midcap Opportunities A2 Acc USD from the Preference fund range with effect 11 January 2023. The fund is now closed to further investment.

September 2022 sector review - Additions and closures impacting our defined fund ranges - Published: 30 Sep 2022

RL360 has made additional improvements to its range of funds. This is the third stage of our latest review, part of an ongoing process to improve our defined fund ranges. Default fund switches for the funds that will be closing will take place between 28 and 30 November 2022. Impacts products: Oracle, Paragon, Quantum, Regular Savings Plan (including Malaysia variants) and LifePlan.

Various changes to BlackRock Global Funds - Published: 05 Aug 2022

Notification by BlackRock Global Funds ("BlackRock") of various changes to its sub-funds that will take effect from 30 August 2022.

Various changes to JPMorgan funds (Asia) - Published: 28 Jun 2022

We have been notified by JPMorgan Funds (Asia) of changes regarding its Adjustment Mechanism.

Fund name changes - Threadneedle UK OEIC fund names - Published: 01 Jun 2022

Effective 1 July 2022, Threadneedle UK OEIC fund names will be amended to more closely reflect the Columbia Threadneedle brand. The Threadneedle prefix in each fund name will be replaced with 'CT'.

Change to benchmark index of BGF Latin American Fund - Published: 30 May 2022

We have been informed by BlackRock Global Funds that it will be making a change the benchmark index of the BGP Latin American Fund on 29 June 2022.

Russian-related fund suspension - Temporary removal of funds from plans - Published: 13 May 2022

During the period that the impacted Russian-related funds are suspended from trading, the funds will be temporarily removed from plans to allow the plans to be administered as normal. Once we receive notification that the funds are unsuspended, the funds’ unit holdings will be added back into the affected plans.

Change to fund name and investment policy – Invesco Global High Income Fund - Published: 29 Mar 2022

We have been informed by Invesco Funds that it will be making a change to the name, investment objective and policy of its Invesco Global High Income Fund on 29 April 2022.

February 2022 sector review of our defined fund range - Published: 14 Feb 2022

We have commenced another review cycle of the sectors in our defined fund range as part of our ongoing monitoring of the choices available for policyholders. There are a number of new additions and closures which impact products: Oracle, Paragon, Quantum, Regular Savings Plan (including Malaysia variants), LifePlan and Protected Lifestyle.

Preference fund range closure - Janus Henderson Emerging Markets Fund - Published: 11 Feb 2022

Following a review, the Janus Henderson Emerging Markets fund will be removed from the Preference fund range. We have written to plan owners who are impacted by the closure.

Fund merger - Threadneedle UK Select Fund - Published: 06 Dec 2021

Columbia Threadneedle Investments has announced that it has merged its Threadneedle UK Select Fund (“the Merged Fund”) into Threadneedle UK Fund (“the Receiving Fund”), with effect from 19 November 2021.

Various changes - Schroder ISF Funds - Published: 16 Sep 2021

Schroder ISF has announced various changes to its fund range which will take effect between 29 October and 2 November 2021.

Various changes – Schroder ISF Funds - Published: 26 Aug 2021

Schroder International Selection Fund has announced various changes to its fund range which will take effect 3 September 2021.

Various changes - Invesco Funds - Published: 25 Aug 2021

Invesco has announced various changes to its fund range which will take effect between September and October 2021.

Change to fund name, investment policy and investment strategy – Invesco Japan Fund (UK) - Published: 17 Aug 2021

Invesco has announced a change to the fund name, investment policy and investment strategy of its Invesco Japan Fund (UK) which took effect 21 June 2021.

Withdrawal of Hong Kong authorisation - Threadneedle UK Select Fund - Published: 11 Jun 2021

As part of a review, Threadneedle Investment Funds ICVC will apply to the Hong Kong regulator, the SFC, for withdrawal of authorisation to market its Threadneedle UK Select Fund to the public in Hong Kong with effect 1 September 2021. With immediate effect, Threadneedle has stopped accepting subscriptions and conversions from new Hong Kong investors.

Change to fund name and investment policy – JPM Global Unconstrained Equity - Published: 29 Mar 2021

JPMorgan has announced a change to the fund name and investment policy of its JPM Global Unconstrained Equity fund which will take effect 1 April 2021.

Proposed merger – Janus Henderson UK & Irish Smaller Companies fund - Published: 12 Feb 2021

Janus Henderson have proposed that on 18 March 2021, the Janus Henderson UK & Irish Smaller Companies fund will close by way of merger subject to a shareholder vote via Extraordinary General Meeting.

Share class redenomination – various Janus Henderson funds - Published: 15 Jan 2021

Janus Henderson has announced a share class redenomination to various funds in its fund range, which will take effect from 6 April 2021

Change of manager – JPMorgan India Fund - Published: 18 Aug 2020

JPMorgan has announced a change to the fund manager of its JPMorgan India fund which will take effect from 31 August 2020.

Change to investment policy - Invesco Global High Income Fund - Published: 19 Dec 2019

Invesco has announced a change to the investment policy of its Invesco Global High Income Fund which will take effect from 27 January 2020.

Change to investment policy – Schroder funds - Published: 25 Sep 2019

Schroder has announced a change to the investment policies of its range of unit trusts which took effect from 7 August 2019.

Fund objective, policy and name changes – Threadneedle UK Corporate Bond Fund - Published: 15 Jul 2019

Effective from 31 August 2019, Columbia Threadneedle will be making changes to the objective and policy of the Threadneedle UK Corporate Bond Fund. At the same time it will also change the fund’s name to Threadneedle Sterling Corporate Bond Fund. It believes these changes provide a better description of how the fund is managed.

Fund name change - Guinness Alternative Energy Fund - Published: 29 Apr 2019

With effect from 18 April 2019, the fund will be renamed Guinness Sustainable Energy Fund.

Fund name change - BlackRock Global Funds Global Opportunities Fund - Published: 22 Feb 2019

With effect from 25 March 2019, the fund will be renamed BlackRock Global Funds Global Long-Horizon Equity Fund.

Fund mergers - Fidelity Multi Asset funds - Published: 21 Jan 2019

Fidelity has advised of their intention to merge the assets of the Fidelity Multi Asset Defensive, Strategic and Growth funds and the Fidelity Wealthbuilder fund into equivalent funds in the Fidelity Multi Asset Open fund range, effective in three tranches in February and March 2019.

Fund name change - Invesco Global Leisure Fund - Published: 14 Nov 2018

Effective 6 December 2018, Invesco has advised that they are changing the name of their Global Leisure Fund to the Invesco Global Consumer Trends Fund.

Change of fund name and investment objective - Invesco Euro Reserve Fund - Published: 14 Nov 2018

Effective 6 December 2018, Invesco have advised that they are changing the name of the fund to Invesco Euro Ultra-Short Debt Fund and changing the investment objective accordingly.

Fund mergers and share class transfers - Columbia Threadneedle UK domiciled funds - Published: 26 Oct 2018

Between September and December 2018 Columbia Threadneedle will be transferring EU customer assets from its UK fund range to its Luxembourg fund range. This is to ensure that its EU-based investors remain invested in funds that have a UCITS status, because Columbia Threadneedle believe it is likely that when the UK leaves the European Union UK domiciled funds will lose this status.

Change of brand - Invesco Perpetual - Published: 17 Sep 2018

Invesco Perpetual will move to a unified brand across the globe - Invesco - with effect 1 October 2018. This will affect its UK ICVC range, which will see the removal of 'Perpetual' from fund names and branding. ISINs and Sedols will remain unchanged. This impacts our guided-architecture products Oracle, Paragon, Quantum, Quantum Malaysia, LifePlan, Protected Lifestyle, Preference and Kudos.

Fund mergers - Invesco Irish domicile to Luxembourg domicile - Published: 11 Sep 2018

In order to streamline its UCITS range of funds, during September and October 2018 Invesco will merge a number of Irish domicile funds into its Luxembourg range, then close down the Irish funds. The mergers affect our guided architecture products Oracle, Paragon, Quantum, Quantum Malaysia, LifePlan, Protected Lifestyle, Preference and Kudos.

Fund merger - Janus Henderson World Select Fund - Published: 11 Sep 2018

Janus Henderson will merge its World Select Fund into its Global Equity Fund on 20 September 2018. The merger affects our guided-architecture product Preference.

Change of name, fee restructure and miscellaneous changes - Baring Global Emerging Markets fund - Published: 30 May 2018

With effect from 30 April 2018, Baring are making a number of changes to the Baring Global Emerging Markets Fund, including a name change, a restructure of fees and changes to the Hong Kong offering documents.

Withdrawal of Hong Kong authorisation for Threadneedle UK domiciled funds - Published: 30 May 2018

With effect from 29 June 2018, Threadneedle Investment Funds ICVC have decided to cease marketing a number of UK domiciled funds to the public in Hong Kong and apply to the SFC for withdrawal of authorisation of the funds.

Change of Name, Investment Objective and Policy - Schroder ISF Asian Bond Absolute Return Fund - Published: 27 Feb 2018

Schroders will be changing the strategy of the fund from absolute return to total return meaning a change to the funds' name and investment objective and policy. Changes are effective from 1 March 2018.

Change of name and investment policy - Franklin Mutual Beacon Fund - Published: 29 Jan 2018

With effect 31 January 2018, the fund will change name to Franklin Mutual U.S. Value and the investment policy will be reclarified to better reflect its actual investment policy. The changes affect our guided-architecture product Preference.

Fund Closure - Baring UK Growth Trust - Published: 25 Jan 2018

Barings closed the fund by way of liquidation and compulsory redemption on 28 November 2017. The closure follows a review which identified the Trust's inability to operate in a cost-effective manner due to its small fund size. The closure affects our guided-architecture product Preference.

Fund Name Changes - Henderson and Janus Global Fund Ranges - Published: 20 Oct 2017

As a result of the recent merger of fund management companies Henderson and Janus, with effect from 15 December 2017 fund names will be updated with the new pre-fix “Janus Henderson”. This will encompass funds under the following umbrella structures; Henderson OEIC, Henderson Horizon Fund, Henderson Gartmore Fund and Janus Capital Funds.

Fund Mergers - JPMorgan prefixed Luxembourg SICAV Funds - Published: 14 Apr 2016

On 20 May 2016 JPMorgan Asset Management will be rationalising their Luxembourg SICAV duplicate share classes by merging “JPMorgan” prefixed share classes into the equivalent “JPM” prefixed share class of the same sub-fund. This affects our closed guided-architecture product Preference. We will be taking action ahead of the merger. Click on this story for more details and to view samples of the letters we have issued to policyholders and investment advisers.

Fund Merger - BlackRock Global Funds - Global Equity Fund - Published: 09 Oct 2015

On 25 September 2015 BlackRock merged its BlackRock Global Funds – Global Equity Fund into its BlackRock Global Funds – Global Opportunities Fund. The merger impacts the following closed products: Preference and Prosper. Click on this story for full details.

Investment Policy Changes - Schroder ISF Asian Opportunities Fund - Published: 06 Oct 2015

Schroders are clarifying the investment objective and policy of the fund in order to provide investors with greater transparency on the fund’s investment strategy. The changes impact the following closed products: Preference and Prosper. Click on this story for full details.

Objective Change - Invesco Global High Income Fund - Published: 22 May 2015

Invesco Global Asset Management will be making changes to the investment objective and policy of the Invesco Global High Income Fund on 7 August 2015. The changes affect our closed product: Preference. Policyholders and Investment Advisers have been written to about the changes. Click on this story for the full details and to view sample letters.

Portfolio Holdings Change - BNY Mellon Global Equity Fund - Published: 13 Mar 2015

Following a review, BNY Mellon will be making a small amendment to the number of holdings held within the fund. The fund will move to a more concentrated portfolio of around 60-90 holdings. This impacts the following guided-architecture products: Kudos, LifePlan, Preference, Prosper and Protected Lifestyle. Click on this story for full details.

Fund merger - Henderson Global Focus Fund - Published: 29 Oct 2013

Subject to shareholder approval, Henderson Global Investors will merge the Henderson Global Focus Fund into the Henderson International Fund on 14 November 2013. The merger affects our closed product: Preference. Affected policyholders have been written to about the merger. Click on this story for the full details and to view sample policyholder and adviser letters.

Fund Merger - JPMorgan Global Bond Fund (USD) - Published: 11 Oct 2013

JPMorgan have announced that on the 29 November 2013 they will merge the JPMorgan Bond Fund (USD) into the JPMorgan Aggregate Bond Fund (USD). The merger affects the following closed product: Preference. Policyholders have been written to about the merger. Click on this story for the full details and to view sample policyholder letters.

Closing to subscriptions - BlackRock Global Funds - Continental European Flexible Fund - Published: 08 Oct 2013

BlackRock will be closing their BlackRock Global Funds – Continental European Flexible fund to subscriptions on 7 November 2013 as the fund is nearing capacity. In order to ensure the fund is kept within a size that enables it to be optimally managed and in the best interests of shareholders, they will close subscriptions to both existing and new investors. The closure affects the following closed products: Preference and Prosper. Policyholders have been written to about the closure. Click on this story for the full details and to view sample policyholder letters.

Fund closure - BNY Mellon Sterling Bond - Published: 25 Apr 2013

BNY Mellon have announced the closure of their BNY Mellon Sterling Bond effective on or around the 25 April 2013. Following a review the Directors of the BNY Mellon Global Funds plc have concluded that the small size of the fund may be preventing it from achieving the economies of scale in ongoing operating costs that would best serve the interest of investors in the fund. The closure affects the following closed products: Preference and Prosper. Affected policyholders have been written to.

Brand changes - JPMorgan/JF Funds - Published: 16 Jan 2013

JPMorgan have advised that they are removing the ‘JF’ brand from their funds. With effect from 4 February 2013, any JPMorgan fund that had 'JF' in its name will now be referred to as JPMorgan (for example, JF Singapore will become JPMorgan Singapore). We have a range of JF funds in both our new business and closed products. For the new business products the changes will be reflected in the published Investment Guides. The changes affect the following products: Prosper, Preference, Oracle, Quantum, Paragon and PIMS. Policyholder letters have been issued for the closed products.

Fund Closure – Invesco Sterling Reserve - Published: 03 May 2012

The board of directors of Invesco Global Asset Management Limited have decided to close their Invesco Sterling Reserve Fund on 10 July 2012. As the size of the fund has reduced to a level significantly below the threshold set out in the fund prospectus they feel that it is no longer viable, or in the best interests of shareholders, to continue running the fund. The change affects the following guided-architecture products: Preference and Kudos. Affected policyholders have been written to.

Change of Objective - Schroder ISF Asian Bond Absolute Return Fund - Published: 21 Mar 2012

The board of directors of the Schroder International Selection Fund has decided to amend the investment objective and to change the methodology for calculating the global risk exposure of the Schroder ISF Asian Bond Absolute Return Fund with effect from 2 April 2012. The changes affect the following guided-architecture products: Preference, Kudos, Prosper, Quantum, Paragon, Oracle, LifePlan. Affected policyholders have been written to to notify them of the changes.

Name & Objective Change - Schroder ISF Pacific Equity Fund - Published: 21 Mar 2012

With effect from 2 April 2012 the Schroder ISF Pacific Equity Fund will change name to the Schroder ISF Asian Opportunities Fund. This is to reflect a change in investment objective to focus on companies in Asia rather than in the broader Pacific region. The changes affect the following guided-architecture ranges: Preference and Prosper. Affected policyholders have been written to.