Closing the SLFC Perpetual fund
We regularly review the funds in our range to make sure they are delivering good value for our customers. Following a recent review, we decided to close the SLFC Perpetual fund.
Our SLFC International fund has a similar investment objective and risk profile to the SLFC Perpetual fund. Over recent years, it has performed better than the SLFC Perpetual fund and it costs less too. Because we can offer a similar fund with better performance and lower charges, we decided to close the SLFC Perpetual fund.
We wrote to everyone with investments in SLFC Perpetual in April 2019 and closed the fund on 15 July 2019.
If you had money in this fund and did not make a different choice, we switched the money into the SLFC International fund on 15 July 2019.
You should continue to review your investment choices regularly to make sure they are still on track to meet your needs. You can ask for future premiums to be invested into another fund. You can switch some or all of your money to a different fund at any time. We do not currently charge for fund switches.