UBS UK Equity & UBS Managed Equity - July 2015
We are removing the RLP/UBS UK Equity and RLP/UBS Managed Equity pension funds from our fund range with effect from 31 July 2015.
Why are we removing these funds?
UBS have made the decision to close the underlying funds and merge the assets into equivalent tracker funds. This is due to a reduction in the fund sizes of each fund which makes them no longer commercially viable to manage.
The tracker funds have different investment objectives and we feel that the best course of action is to close these funds rather than allow existing policyholders to invest in the new funds.
Where are we moving existing investors?
We have written to all affected policyholders informing them of the change and how their investment is affected. View a copy of the letter we have issued here.
Please note that the endorsement wording and notice are not relevant for group pension plans.