RLP US Core Plus (Fidelity American)
We’re replacing the above underlying investment and as a result, the fund will change to RLP US Core Plus (Old Mutual North American Equity) pension fund. This change will take place week commencing 30 October 2017.
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 this change?
The Fidelity fund has suffered from poor long-term underperformance as well as a series of fund manager changes. Our Investment Advisory Committee (IAC) has concerns around the level of risk and positions being adopted by the fund coupled with the performance issues.