SPILA funds - 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.

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.

Change of name of Aberdeen Standard Liquidity Fund (Lux) - Published: 20 Dec 2023

We have received notification from Aberdeen Standard Liquidity Fund (Lux) that the name change is now going ahead after being postponed. Effective date 22 January 2024.

Postponement of name change for Aberdeen Standard Liquidity Fund (Lux) - Published: 11 Oct 2023

Notification received by Aberdeen Standard Liquidity Fund (Lux) the name change to abrdn Liquidity Fund (Lux) is postponed.

Change of name of Aberdeen Standard Liquidity Fund (Lux) - Published: 14 Sep 2023

Aberdeen Standard Liquidity Fund (Lux) has notified us of a change to their name to abrdn Liquidity Fund (Lux). The change will take effect 16 October 2023

Change to fund name, investment manager and investment policy – VAM Managed Funds (Lux) – Driehaus Fund - Published: 09 Aug 2021

VAM Managed Funds (Lux) has announced a change to the fund name, investment manager and investment policy of its VAM Managed Funds (Lux) – Driehaus Fund which will take effect 1 September 2021.

Fund Closures - SPILA Bonus Growth Range of Funds - Published: 04 Sep 2015

On the 1st December 2015, the SPILA range of Bonus Growth funds will close affecting closed products that were sold under the SPILA brand. Click on this story for the full details and to view sample policyholder letters.

Fund Maturity - SPILA Bonus Growth 2014 - Published: 28 Oct 2014

The Scottish Provident International Life Assurance (SPILA) USD and GBP Bonus Growth 2014 funds have reached the end of their maturity year. Policyholders should now choose whether to encash their fund value or switch into an alternative fund from the choice available to their policy. Affected policyholders have been written to, notifying them of their options. The maturity affects closed products that were sold under the SPILA brand. Click on this story for more details.

Fund Closures - SPI USD & GBP Global Managed Funds - Published: 17 Jun 2014

Following a review, RL360 will be closing both the SPI USD Global Managed and SPI GBP Global Managed Funds on 9 September 2014. The funds are now soft closed. Affected policyholders have been written to, notifying them of their options. The fund closures affect closed products that were sold under the SPILA brand. Click on this story for the full details and to view sample policyholder letters.

Fund Maturity - SPILA Bonus Growth 2013 - Published: 18 Dec 2013

The Scottish Provident International Life Assurance (SPILA) USD and GBP Bonus Growth 2013 funds have reached the end of their maturity year. Policyholders should now choose whether to encash their fund value or switch into an alternative fund from the choice available to their policy. Affected policyholders have been written to, notifying them of their options. The maturity affects closed products that were sold under the SPILA brand.

Fund Maturity - SPILA Bonus Growth 2012 - Published: 16 Jan 2013

The Scottish Provident International Life Assurance (SPILA) USD and GBP Bonus Growth 2012 funds have now reached the end of their maturity year. The Bonus Growth Funds promise that in a particular year, the 'guarantee year', the fund value will be calculated using the highest ever bid price achieved since the fund was launched. The 2012 Fund has now reached this point and in aiming to maintain and, indeed, improve on the highest bid price achieved, the fund now holds deposit based investments. Policyholders should now choose whether to encash their fund value or switch into an alternative fund from the choice available to their policy. Affected policyholders have been written to, notifying them of their options. The maturity affects closed products that were sold under the SPILA brand.