Following a review of our fund offering we have decided to close the HLL Schroder Tokyo fund. We have worked with Morningstar to find an appropriate replacement for this fund and Policyholders invested in the HLL Schroder Tokyo fund will have their investments transferred to the new HLL Man GLG Japan Core Alpha fund.
The fund expenses associated with the Man GLG Japan Core Alpha fund are higher than those associated with the HLL Schroder Tokyo fund and this will result in a fund expense increase of 0.14%. We will be writing to clients invested in HLL Schroder Tokyo fund to outline the change to them. We will also be writing to Financial Advisers that have clients invested in this fund.
The fund will close on 21st June 2019.
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.
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:
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.
You can find more information about the changes introduced by the 2014 budget by visiting: