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Scottish Widows Scottish Widows
 
Fund name changes – CM BNY Mellon and CM UBS Funds  
 

July 2014

We have changed two of our Clerical Medical life and pension fund names, to reflect changes made by two of our Investment Partners:

  • The CM BNY Mellon American life and pension funds have been renamed as the CM Boston Company US Opportunities Fund.
  • The CM UBS UK Smaller Companies life and pension funds have been renamed as the CM UK Smaller Companies Fund.

BNY Mellon has changed the name of the underlying fund which we link to: the BNY Mellon American Fund has been renamed as The Boston Company US Opportunities Fund. We are simply changing our fund names to reflect this. There has been no significant impact on how the BNY Mellon fund is invested, and there has been no change to the fund aims. There have been no changes to the CM funds’ general risks.

As we announced in November 2013, UBS closed their UBS UK Smaller Companies fund on 29th August 2013. As a result of this the CM UBS UK Smaller Companies life and pension funds are instead now invested wholly in an alternative underlying fund, the Scottish Widows UK Smaller Companies Fund. The aims, specific risks and charges of the CM UBS UK Smaller Companies life and pension funds were unchanged despite the change of fund manager, and we wrote to all customers invested in the affected funds and their advisers to explain the changes. We have now taken the opportunity to change the CM fund names to reflect the change of manager.

Customers and advisers do not need to do anything as a result of these changes, but please note that when searching for up to date factsheets you will now need to use the new fund names.

 
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Issued by Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655. These pages are intended for UK residents only.