Changing your choices

You can change your choice of investments at any time.

CHANGING INVESTMENT CHOICES

You can redirect contributions to a new fund or funds, or you can switch funds.

REDIRECTION OF CONTRIBUTIONS

Under this option, your future contributions will be redirected to your new fund choice, whilst your accrued fund will remain invested as per your original instruction.

There is no charge for a redirection and you can make these at any time by giving written notice to the Administrator.

FUND SWITCHES

Under this option, your accrued funds are switched into your new fund choice. Sarasin and Cazenove will apply transaction costs on the sale and purchase of the units within your funds. This is called the bid/offer spread.

You would also need to complete a redirection instruction to ensure your future contributions are invested in your new fund choice.

Fund switches may be useful in certain situations, for example if you are near to your Normal Retirement Age and wish to move from higher risk rated funds into lower risk rated funds, but because of the potential costs to you, the Trustees strongly recommend that you seek advice from a suitably qualified adviser before proceeding.

Neither the Trustees nor the Administrator can help you choose which investment option is appropriate for you. It is recommended that you take advice from a suitably qualified adviser.

Neither the investments nor any benefits under the Scheme are guaranteed. The value of your fund at retirement (or on your death) will depend on the performance of your chosen investment over time and any costs and charges applied.