SL Global Managed Equity Core Plus (Close TEAMs Global Equities (1%)) & SL/Close TEAMS Global Equities (1%) 'A' - November 2013
As part of our investment governance process, our Investment Advisory Committee (IAC) identified that the above funds have experienced a sustained period of underperformance.
They concluded that they no longer had confidence in the manager's ability to deliver strong future performance.
As a result of this we are switching the investment into the SL Global Managed pension fund, a lower cost global equity fund managed by Royal London Asset Management.
We have issued letters to all our customers invested in these funds detailing the change and what this means for your investment.
You should be mindful that the value of your investment can go down as well as up, which may mean you could get back less than the amount invested.
The change will take place from 11 November 2013 and no
action is required.
If you'd like further information on the Investment Advisory Committee (IAC) summarising the outcome of the last meeting including access to the full minutes from all of the previous meetings then visit our Investment Advisory Committee section.
Further details of Scottish Life's investment proposition can be found in Our Investment Options section.