Fund Updates

Segregation of Hong Kong Assets - Impacts Hong Kong Designated Policyholders - Published: 19 Jul 2024

In line with the changing regulatory landscape in Hong Kong, it will become a regulatory requirement for our company to separate the assets of our insurance business carried on in or from Hong Kong, from the assets of our insurance business carried on in or from other jurisdictions.

Fund Update - Change of tracking index on Euro Index Tracker EUR - Published: 26 Jan 2024

The tracking index of the Euro Index Tracker EUR fund will be changed to the Solactive Euro 50 index with effect from 26 February 2024. Click on this story for more details and to view samples of the policyholder letters we have issued.

Fund Closure – Investment Solutions Range - Published: 10 Feb 2021

As a result of closures by the underlying fund provider, HBOS Investment Fund Managers (“HIFML”), on 24 March 2021 we will be closing 3 Investment Solutions funds. Click on this story for more details and to view samples of the policyholder letters we have issued.

Fund Closure - Liquidity Plus GBP – BFLR - Published: 12 Jan 2021

We will be closing the fund on 14 April 2020. Unfortunately it is no longer economical to administer in light of the small number of policyholders remaining invested. We have provided 3 months written notice to affected policyholders. Click for more details and a copy of our letter

Second Liquidation Distribution February 2018 - Glanmore Property Fund - Published: 26 Mar 2018

A second liquidation distribution of £0.46 per share has been paid to clients for value 13 February 2018.

Liquidation Distribution February 2018 - EEA Life Settlement Run-Off Cells - Published: 16 Mar 2018

The Fund has announced its intention to process a compulsory redemption in order to pay out a distribution to those persons registered as holders as at the 12th February 2018.

Liquidators Update February 2018 - Mansion Student Accommodation Fund - Published: 16 Mar 2018

Update received from the Cell Liquidator with regards to the progress of the liquidation.

Fund Closures - HSBC Legacy Retention fund range - Published: 05 Dec 2017

We will be closing these funds on 7 March 2018. Unfortunately it is not possible to continue running them in light of the small number of policyholders remaining invested. We have provided 3 months written notice to affected policyholders. Click for more details and a copy of our letter.

Fund Closure - Conservative Real Return Fund - Published: 30 Jun 2016

On 8 September 2016 the Conservative Real Return Fund will be closed and all policyholders transferred into an alternative fund available to their policy which has a very similar investment strategy. Policyholders have been written to advising them of their options. Click on this story for more details.

Fund Closure - US Dollar Income Fund - Published: 30 Jun 2016

On 8 September 2016 the US Dollar Income Fund will be closed and all policyholders transferred into an alternative fund available to their policy which has a very similar investment strategy. Policyholders have been written to advising them of their options. Click on this story for more details.

Fund Closures - Investment Solutions Fund Range - Published: 27 May 2016

As a result of closures by the underlying fund provider, HBOS Investment Fund Managers (“HIFML”), on 20 May 2016 we will be closing 12 CMI Investment Solutions funds. Click on this story for more details and to view samples of the policyholder letters we have issued.