Closing the SLFC Schroders Managed 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 Schroders Managed fund.

Our SLFC Balanced Managed fund has the same investment objective and risk profile as the SLFC Schroders Managed fund. Over recent years, the SLFC Balanced Managed fund has also delivered comparable investment performance to the SLFC Schroders Managed fund. Because we can offer a similar fund with lower investment management charges, we have decided to close the SLFC Schroders Managed fund.

We wrote to everyone with investments in the SLFC Schroders Managed in August 2019 and closed the fund on 8 November 2019.

If you had money in this fund and did not make a different choice, we switched the money into the SLFC Balanced Managed fund on 8 November 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.

You can find more information about our fund range here. If you have any questions, please get in touch.