The tables below list recent corporate actions.

We have categorised these actions into types:

Closures

Name Default alternative fund Fund Range Effective Date Details of change
Host Capital Limited N/A Host Capital UK Student Accomm Feeder Trust Acc 5 September 2017 Fund Manager ('FM') suspended dealing in the fund on 27/10/2016 as the fund is being closed.

Please note: An Interim payment representing around 95% of the fund's value has been processed by Cofunds week commencing 23/10/2017 - an equivalent proportion of client units have been removed at the closure price and proceeds added to Trading Account (Pension). Once the fund closure is finalised, there will be a small final payment that will be processed in the same way.
Invesco Perpetual N/A Invesco Perpetual Balanced Risk 6 Fund Acc, Invesco Perpetual Balanced Risk 6 Y Fund Acc, Invesco Perpetual Balanced Risk 6 Z Fund Acc 19 January 2018 Fund Closure effective 19th January. Funds soft closed on Cofunds ahead of effective date i.e. no investments being accepted.

Please note: The proceeds will be distributed to the clients once they are received from the Fund Manager shortly after the 19/01/2018. If client holds Investment Funds, then proceeds added to their Cash Account. If ISA or Pension product, then added to their Cash Reserve (ISA) or Trading Account (Pension).

Name changes

Name Change Effective Date Details of change
JPMorgan Asset Management Fund Name(s) 01/03/2018 JPM Emerging Markets I Fund Acc

Please note:The Fund Manager is renaming the share class from I to C.
Old Mutual Global Investor Series Plc Name change 16/02/2018 Old Mutal Strategic Abs Rtn Bd Hgd R Fund GBP Acc

Please note:The Fund Manager is change the name of the share class from R to F1.

Mergers

Name Change Effective Date Details of change
Royal London Unit Trust Managers Limited Merger 25/01/2018 Royal London Ethical Bond A Fund Inc

Please note:The Fund Manager is merging Income funds into their relative Accumulation funds.
Legal & General Unit Trust Managers Limited Merger 26/01/2018 Legal & General Mixed Investment 0-35% A Fund Acc

Please note:Clients in the A and B share class of the fund are being converted ('merged') into the R share class, and then the A & B share classes will be closed. The FMF (Fund Management Fee) / AMC (Annual Management Charge) of the R share class is reducing from 1.67% to 1.17% on the effective date too, so that converted clients will have the same or lower charges than before.
BNY Mellon Investment Funds Merger 29/01/2018 Newton Managed Income R Fund Acc

Please note:The FM has concluded that the merger of the Newton Managed Income Fund with the Multi Asset Income Fund will simplify and consolidate the multi-asset funds in their range and benefit Shareholders in the following ways.
Fidelity Investment Services Ltd Merger 29/01/2018 Fidelity Extra Income A Fund (Gross) Inc

Please note:The Fund Manager is converting clients from Gross share classes into Net classes and then closing the Gross share classes.
Fidelity Investment Services Ltd Merger 01/02/2018 Fidelity Multi Asset Balanced Inc N Fund Gross Inc

Please note:The Fund Manager is converting clients from Gross share classes into Net classes and then closing the Gross share classes.

JPMorgan Asset Management (Europe) Sarl Merger 23/02/2018 JPM Europe Select Equity Plus A Fund GBP Inc

Please note:JPM Europe Select Equity Plus Fund is to be merged into the JPM Europe Select Equity Fund. JPM advise that the funds have overlapping investment strategies and believe the merging sub-fund has limited prospects for growth.
Fidelity Investment Services Ltd Merger 01/03/2018 Fidelity Multi Asst Allocator Def A Fund Gross Acc

Please note:The Fund Manager is converting clients from Gross share classes into Net classes and then closing the Gross share classes.
Fidelity Investment Services Ltd Merger 01/03/2018 Fidelity Allocator World N Fund Acc

Please note:The FM is also converting N share classes into Y share classes and closing the N share class.

Charges and commission

Name Change Effective Date Details of change
Legal & General Unit Trust Managers Limited Charges - AMC Rate 26/01/2018 Legal & General Mixed Investment 0-35% R Fund Acc

Please note:FMF (Fund Management Fee) / AMC (Annual Management Charge) reducing from 1.67% to 1.17%.

Old Mutual Investment Management Ltd Pricing Basis (Dual,Single) 29/01/2018 Old Mutual Asia Pacific A Fund Acc

Please note:The Fund Manager is changing the pricing structure from Dual Priced to Single Priced.

Neptune Investment Management Limited Charges - AMC Rate 01/02/2018 Neptune Global Income F Fund Acc

Please note:AMC increasing from 0.25% to 0.65%.
JPMorgan Asset Management Charges - AMC Rate 01/03/2018 JPM Emerging Markets I Fund Acc

Please note:The Fund Manager is reducing the AMC from 1% to 0.75%.

JPMorgan Asset Management Charges - OCF 01/03/2018 JPM Emerging Markets I Fund Acc

Please note:The Fund Manager is reducing the Ongoing charge from 1% to 0.90% and introducing operating expenses of 0.15%.

Old Mutual Investment Management Ltd Charges - Multiple / Various 01/03/2018 Old Mutual Asia Pacific A Fund Acc

Please note:The Fund Manager is introducing a Fixed Ongoing Charge to replace the existing Annual Management Charge and the administrative costs of the funds. There will be no change to the Ongoing Charge Figure.

TB Saracen Investment Funds ICVC Charges - New Charges Introduced 19/03/2018 TB Saracen Global Income & Growth B Fund Acc

Please note:The Fund Manager has advised that the charges for both funds will be changing from 50% to income & 50% to Capital to 100% to capital. The FM has advised that the change to charges will commence on 19.03.2018.

Other events

Name Change Effective Date Details of change
Barclays Wealth Investment Funds (UK) Investment Objective & Fund Name Change 09/03/2018 Barclays High Inc Portfolio A Fund Inc

Please note:New Investment Objective for Barclays High Income Portfolio - The Fund seeks to provide a high level of income with the potential for some capital growth over the long term.

Morgan Stanley Funds (UK) Settlement Period 19/03/2018 Morgan Stanley Global Brands A Fund Acc

Please note:The Fund Manager has advised that the Funds are changing from a T4 settlement to T3.

Morgan Stanley Funds (UK) 19/03/2018 Morgan Stanley Global Brands A Fund Acc

Please note:The Fund Manager has advised that the investment objective is changing as shown below: 

F&C (BMO Asset Management) (onshore) Investment Objective 29/01/2018 F&C Responsible UK Income 1 Fund Acc

Please note:New Investment Objective for F&C Responsible UK Income Fund: To achieve income with capital growth.

M&G Securities Limited Investment Objective 30/01/2018 M&G Fund of Investment Trust A Fund Acc

Please note:New Objective for M&G Fund of Investment Trust Shares – The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charges Figure, than that of the FTSE AllShare Equity Investment Instruments Index over any five-year period.