HLD Investment Proposition Update – Quarter 4 2018

  • A. HLL European Balanced Fund
  • One of the underlying funds that the HLL European Balanced fund invested into was the Threadneedle European Corporate Bond fund. Threadneedle made the decision to close the Threadneedle European Corporate Bond fund in September 2018. We have therefore worked with Morningstar Investment Management to find a suitable replacement fund and selected the M&G European Corporate Bond fund

    How does this affect you?

    The M&G European Corporate Bond fund has higher charges than the Threadneedle European Corporate Bond fund and as a result the fund expenses for the HLL European Balanced fund will be increasing by 0.04% from 19 October 2018. You do not need to take any action.

    We will be writing to clients invested in these funds to outline the changes to them. We will also be writing to Financial Advisers that have clients invested in these funds.

  • B. Fund Name Changes
  • We would also like to draw your attention to the fund name changes effective from 19 October 2018

    Old Fund Name New Fund Name
    HLL Invesco Perpetual Corporate Bond HLL Invesco Corporate Bond
    HLL Invesco Perpetual Global Bond HLL Invesco Global Bond
    HLL Invesco Perpetual Distribution HLL Invesco Distribution
    HLL Invesco Perpetual Monthly Income Plus HLL Invesco Monthly Income Plus
    HLL Old Mutual UK Alpha HLL Merian UK Alpha

    These changes are as a result of a change in name of the underlying Fund manager. The investment objectives of the funds remain unchanged.

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 0800 138 3944 between 8am and 8pm, Monday to Friday.

Other useful links

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