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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
Columbia ThreadneedleLV= CT China Opportunities (s2)Fund closureCT have decided to close the Fund and have explained that the Fund has experienced a continuing decline in assets, underperformed its benchmark and failed to attract new significant investment during the last 5 years. For these reason, it is unlikely that the Fund will attract new investors in the future. Without additional investment, the Fund would become unviable as the decreasing size would make the Fund difficult to run efficiently. Fund will be suspended from 12:01pm (UK time) on 25 January 2024 and the closure of the Fund will take place on 26 January 2024. We will be writing to all affected customers and their Financial Advisers with more information.26.01.2024
M&GLV= M&G Property Portfolio (s2)Price reductionThe fund charge has been reduced to compensate for the inconvenience caused by the suspension.30.10.2023
InvescoLV= Invesco UK Equity Income & LV= Invesco UK Equity Income (s2)Change of Fund NameChange of fund name from the LV= Invesco Income Fund to better reflect the underlying assets in which the fund invests.26.10.2023
M&GLV= M&G Property Portfolio (s2)Fund suspensionThe fund has suspended trading due to ongoing uncertainty in the UK over the future of open-ended funds in direct (physical) property within a daily-dealing structure. No transactions should be placed on the fund, this includes purchases, switches, sales, transfer outs, income, regular contributions etc. The Fund Manager plans to close the fund and return assets to investors whilst the fund is suspended. We will be in regular contact with affected customers nad their Financial Advisers throughout the suspension as soon as any updates are available.19.10.2023
BlackRockLV= iShares Environment & Low Carbon Tilt Real Estate Index (s2)Change of fund name, investment objective and benchmarkBlackRock completed a review of the iShares Global Property Securities Equity Index Fund and proposed to change the benchmark index of the Fund in order to incorporate certain environmental, social and governance (ESG) related considerations, and to change the name of the Fund to reflect the proposed change of the Fund’s benchmark index.24.10.2022
BlackRockLV= iShares ESG Overseas Corporate Bond Index (s2)Change of fund name, investment objective and benchmarkBlackRock completed a review of the iShares Overseas Corporate Bond Index fund and proposed to change the benchmark index of the Fund in order to incorporate certain environmental, social and governance (ESG) related considerations, and to change the name of the Fund.05.07.2022

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
1199LV= M&G Property Portfolio (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered across 3/5 periods. We are monitoring the fund closely.Fund has been suspended by the underlying Fund Manager with plans to close the fund whilst suspended. Written communications have been sent to all affected customers and their Financial Advisers and we will continue to provide updates as they become available.
1280LV= DMS Stirling House Balanced (s2)Series 2The fund has performed below the 75th percentile for is sector. Performance measure triggered over 2/5 periods. We are monitoring the fund closely.Fund is under review, an update will follow by end of Q1 2024.
1255LV= CT China OpportunitiesSeries 2The fund has performed below the 75th percentile for its over all periods. We are monitoring the fund closely.Fund has been liquidated by the underlying fund manager. All affected customers and their Financial Advisers have been contacted.
1283LV= DMS Stirling House Growth (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered over 4/5 periods. We are monitoring the fund closely.Fund is under review, an update will follow by end of Q1 2024.
1252LV= CT UK Property AIF (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered over 3/5 periods. We are monitoring the fund closely.Fund is under review, an update will follow by end of Q1 2024.
1289LV= Acumen Portfolio 5 (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered over 3/5 periods. We are monitoring the fund closely.Fund is under review, an update will follow by end of Q1 2024.
1286LV= Acumen Portfolio 6 (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered over 3/5 periods. We are monitoring the fund closely.Fund is under review, an update will follow by end of Q1 2024.