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Investment Funds Corporate Actions and Watchlist

The Corporate Actions and Watchlist tables provide the latest details of any changes or performance concerns to the underlying funds for our Core fund range.

Pension insured fund corporate action updates

The table below shows any changes to the underlying funds that we use for our Insured Pension range.  These changes are instigated by the underlying fund manager and may directly affect your client’s investments with LV=.

Your client will be notified of any changes, except for price reductions, in writing.

Fund
Manager
Fund
Name
Corporate Action
Notification
Summary of impact on fundDate
Effective
L&GLV= Pension Savings Pathway Option 4Change of objectiveThe objective of the Fund is to track the performance of the Markit iBoxx GBP Corporates 1-5 Index (the “Benchmark Index”) before fees and expenses are applied.20.12.2022
BNY MellonLV= BNY Mellon Asian OpportunitiesChange of fund nameChange of name and investment policy to better reflect the way the sub-funds are already managed.18.11.2022
SchroderLV= Schroder Income MaximiserChange of investment policy.Change of investment policy to more clearly define how the fund is managed.13.01.2023
L&GLV= L&G Strategic BondChange of fund nameLegal & General are changing the name of this fund because it is intended to better reflect the Fund’s investment approach.06.02.2023

Pension insured fund performance monitoring Watchlist

All of our pension insured funds go through an onboarding and ongoing due diligence process which means you and your clients can be sure that LV= is challenging the fund managers to ensure they produce the best possible results. LV= carry out a quarterly review of all of its funds and may sometimes identify funds that we feel require further investigation to ensure we are still happy that they are providing the best level of service for our members.

You can see a list of funds we are investigating and a brief summary of our concerns below. If you would like further information on any of these funds or about our due diligence and monitoring processes please contact us via [email protected]

Please note, if at any point we feel there is a material risk to our members' investment, or we are planning to take any action on the funds listed, all financial advisers with clients invested in the affected funds will be contacted.

LV=
Fund Code
LV=
Fund Name
Fund SeriesReason for investigation of fundOutcome of investigation
1044LV= Ninety One Global Income Opportunities (s2)Series 2The fund has performed below the 75th percentile across quarters but this quarter and last quarter the weighted score is below 75 and performance measure triggered over 2/5 periods. We are monitoring the fund closely.Fund to remain on external watch-list and will continue to be monitored.
197/1197LV= M&G Recovery/LV= M&G Recovery (s2)Series 1 & Series 2The fund has performed below the 75th percentile for 5 quarters. This quarter the performance triggered over 2/5 periods.Fund is under review, update to follow.
1199LV= M&G Property Portfolio (s2)Series 2The fund has performed below the 75th percentile across 3/5 measured time periods for 6 quarters. We are monitoring the fund closely.Fund is under review, update to follow.
155/1218LV= Schroder European Alpha Plus/LV= Schroder European Alpha Plus (s2)Series 1 & Series 2The fund has performed below the 75th percentile for 7 quarters doe S1 and 5 quarters for S2. Performance measure triggered over 5/6 periods for S1 and over 3/5 periods for S2. We are monitoring the fund closely.Fund is under review, update to follow.
120/1140LV= Fidelity American/LV= Fidelity American (s2)Series 1 & Series 2The fund has performed below the 75th percentile across 5/6 measured time periods for S1 for 5 quarters and across 3/5 periods for S2 for 4 quarters. We are monitoring the fund closely.Fund to remain on external watch-list and will continue to be monitored.
1139LV= Fidelity Emerging Europe Middle East & Africa (s2)Series 2The fund has performed below the 75th percentile across 3/5 measured time periods for 4 quarters.Fund is under review, update to follow. Fund closed to new business.
1185LV= Jupiter European Special Situations (s2)Series 2Performance measure triggered over 4/5 periods.Fund will continue to be monitored.
1281LV= DMS Stiring House Monthly Income (s2)Series 2Performance measure triggered over 5/5 periods.Fund is under review, update to follow.
1055LV= CT MM Lifestyle 3 (s2)Performance measure triggered over 4/5 periods.Fund will continue to be monitored.
3000LV= L&G Multi-Index 3 (s2)Performance measure triggered over 2/5 periodsFund will continue to be monitored.