Fund Closure - Liquidity Plus GBP - BFLR

Why is the fund closing?

Following a recent review of our fund ranges it has been identified that only a small number of policies invest in Liquidity Plus GBP-BFLR (the "Closing Fund"), which means that is now no longer economical to administer.

As a result of the review, we will be closing the fund and transferring all holdings into the Global Liquidity GBP-SR Fund (the "Receiving Fund") on 14 April 2021. The switch will be carried out free of charge.

Both funds are denominated in GBP, have a cautious investment approach and currently invest 100% of their portfolio in a combination of cash and fixed interest assets.

With immediate effect the Closing Fund is closed to switches in, however policyholders can still switch out of the fund ahead of the closure date.

Policyholders invested in the Closing Fund have been written to. Full details, including fund codes for the Closing and Receiving funds, can be found in the sample letter opposite.

Alternative fund options

Should policyholders not wish to be switched into the Receiving Fund they can choose to switch into any of the funds available to their policy by completing and returning the Fund switch form then returning to us for processing. Funds to choose from can be found in the fund centre for their product here. 

However, if policyholders are happy to accept the receiving fund then they do not need to do anything.