Jan '20 review - improvements to RL360 defined fund range

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Jan '20 review - improvements to RL360 defined fund range

We know choosing the right funds is important to you. It's important to us too.
 

We both want our clients to achieve their investment goals, so to make sure we continue to offer you and your clients a high quality and varied choice of funds, we have completed the second stage of a review of our defined fund ranges. In this second step, we have looked at Global Equity, Global Bond, UK Equity and Global Managed. 

 

 

Why we conduct reviews

By reviewing funds on a regular basis, using tools from independent global investment research company Morningstar®, the company that powers our interactive fund centres, we seek to identify and add funds that stand out in their respective peer groups for performance, risk/reward balance, objectives or investment style. We also look at funds that analysts at Morningstar believe will outperform their sector. Those funds you've asked to see in the range will be considered as long as they provide the necessary qualities and fit our parameters. 

 

A review isn't just about adding funds. Importantly, we also take steps to remove funds we feel are no longer appropriate for the range. Our goal is to provide you with a best of breed range of quality funds covering a variety of sectors, regions and asset classes.

 

THE CHANGES FOR JANUARY 2020

We're pleased to announce the addition of a number of new funds across the products listed above, which are available for investment from January 2020. These are now featured in the fund guides published from January onwards and in the fund centres. 

 

We've also removed some funds with immediate effect and these are now closed to new business and switches in. Existing investors affected by the removals will be written to in January providing them with two months’ notice of our intention to switch their holdings out and into an alternative fund. These clients can continue to invest in the closing fund(s) until we switch them out. Switches will take place between 25 March and 8 April 2020. Samples of these letters can be viewed opposite. 

 

If clients are happy with our choice of receiving fund then they do not need to do anything and will be switched automatically (including redirection of any regular payment allocation where applicable). However, if they would prefer to switch to a different fund it’s very easy to do. Switches can be submitted by completing and returning a Fund switch instruction form or, if registered for online switching, conducting a switch online fast and efficiently. 

 

Click on the sliders below to see details of the changes for each product range.


ADDITIONS - Regular Savings Plan, Oracle, Quantum, Paragon (including Malaysia variants)


REMOVALS - Regular Savings Plan, Oracle, Quantum, Paragon (including Malaysia variants)


ADDITIONS - LifePlan


REMOVALS - LifePlan


ADDITIONS - Protected Lifestyle


REMOVALS - Protected Lifestyle


 

Notes:

Information contained within these tables is sourced from Morningstar® and is correct as at 20 January 2020.

 

* Morningstar® awards a Star rating based on historic returns adjusted for risk and charges, with the top 10% of funds in a category awarded a 5 Star and the bottom 10% a 1 Star. Morningstar also award a Bronze/Silver/Gold award for those funds which have been analysed and are believed to possess the ability to outperform funds in the same category over a market cycle (five years or greater). 

 

** Ongoing Charge (“OCF”) includes the Annual Management Charge plus other operational expenses, so better reflects the total costs applied to the fund.


view our previous sector reviews

Impacts on these defined fund range products

Fund guides and forms

Applicable to Regular Savings plan, Oracle, Quantum and Paragon (including Malaysia variants)



Applicable to LifePlan



Applicable to Protected Lifestyle


Sample letters

Applicable to Regular Savings plan, Oracle, Quantum and Paragon (including Malaysia variants)



Applicable to LifePlan



Applicable to Protected Lifestyle