RLP US Specialist (JP Morgan US)
We are removing the RLP US Specialist (JP Morgan US) pension fund from our fund range and all assets held in the fund will be moved to RLP US Core Plus (Old Mutual North American). This change will take place week commencing 18 June 2018.
We have issued letters to all our customers invested in the fund detailing the change and what this means for their investment.
Why are we making the change?
The JP Morgan fund has suffered from poor long-term underperformance and the fund’s rating was downgraded by Morningstar. Our Investment Advisory Committee (IAC) has concerns around the level of risk and positions being adopted by the fund coupled with the performance issues.