Hawthorn Life makes changes to its Investment Proposition – Quarter 2 2017

Following a review of our fund offering we have decided to close the HLL JP Morgan US fund. We have worked with Morningstar to find a replacement for this fund. Policyholders invested in the HLL JP Morgan US fund will have their investments transferred to the new HLL Fidelity American Special Situations fund on July 31st 2017.

We will be writing to clients invested in this closing fund to outline the options available to them. We will also be writing to Financial Advisers that have clients invested in the closing fund.

We would also like to draw your attention to the fund name changes effective from 30th June 2017.

Self Select funds

Old Fund Name New Fund Name
HLL BlackRock Overseas Government Tracker HLL iShares Overseas Government Bond Index Fund (UK)

Within Hawthorn ready-made Portfolios

Old Underlying Fund Name New Underlying Fund Name
BCIF UK Equity Tracker iShares UK Equity Index
BCIF North American Equity Tracker iShares North American Equity Index

IMPORTANT CHANGES TO HAWTHORN LIFE PROCESSING REQUIREMENTS

From 27th April 2016 Hawthorn Life will introduce new requirements for all financial transactions in order to enhance security and prevent fraud. Where we don't hold current certified identification documents on file, a new section titled 'Confirming Your Identity' will need to be completed and appropriate certified identification documents provided. This new section is included in all relevant forms.

Should you have any queries regarding this new process, a Frequently Asked Questions sheet has been included at the end of each relevant form. The new forms are available on this website to all registered users.


Retirement Risk Warnings

From 6th April 2015, retirement risk warnings must be given to consumers when accessing their benefits or amending their Pension Income . As a result, our Pension Forms will be changing and will also potentially trigger the completion of a new 'Retirement Risk Questionnaire'.

Please note that where a Planholder's Financial Adviser:

  1. provides advice specific to the transaction being requested
  2. declares this within the form and
  3. submits the form on behalf of their client

a Retirement Risk Questionnaire is not required.

However, if the form for accessing benefits is:

  1. submitted by the Planholder (regardless of whether advice or guidance has been sought)

a Retirement Risk Questionnaire must be completed and submitted with the form.


Financial Advice

Before you make any decisions, we would strongly recommend you speak to your Financial Adviser. If you do not have a financial adviser, you can find one in your area by visiting https://www.unbiased.co.uk. Please note that seeking guidance or advice is a key part of protecting yourself and your family when making this important decision.


Pension Wise. Your Money. Your Choice

We encourage you to take advantage of Pension Wise which is a free and impartial service set up by HM Treasury to help you to understand what your options are for taking the benefits from your Pension. You will be able to get help on the Pension Wise website, over the phone or face to face about the following:

  • what you can do with your pension pot;
  • the different pension types and how they work; and
  • what is tax-free and what is not.

To find out more information about this new service please visit https://www.gov.uk/pensionwise. Alternatively, phone or face to face meetings can be arranged by calling 030 0330 1001 between 8am and 10pm, Monday to Sunday.


Other useful links

You can find more information about the changes introduced by the 2014 budget by visiting: