Flexible Income Annuity (FIA) Unit Linked funds
Scottish Friendly provides policyholders with a range of Unit Linked funds. These funds offer a varying level of risk from Defensive through to Flexible and a Money Market fund which are all actively managed.
The Fund are offered by Scottish Friendly but managed by Schroder Asset Management who are responsible for determining the exposure to different asset classes like equities, bonds and property.
Full fund descriptions can be found in the 2nd table below.
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| Fund name | Fund manager | Objective Summary | Risk | AMC |
| Mixed Asset: Balanced Pension Fund P1 | Schroders | The Mixed Asset: Balanced Pension Fund predominately invests in one or more funds which are managed by Schroders. | Balanced | 0.20% |
| Mixed Asset: Flexible Pension Fund P1 | Schroders | The Mixed Asset: Flexible Pension Fund predominately invests in one or more funds which are managed by Schroders. | Adventurous | 0.20% |
| Mixed Asset: Moderately Adventurous Pension Fund P1 | Schroders | The Mixed Asset: Moderately Adventurous Pension Fund predominately invests in one or more funds which are managed by Schroders. | Aspiring | 0.20% |
| Mixed Asset: Defensive Pension Fund P1 | Schroders | The Mixed Asset: Defensive Fund predominately invests in one or more funds which are managed by Schroder's. | Moderate | 0.20% |
| Money Market Pension Fund P1 | Schroders | The Money Market Pension Fund predominately provides exposure to a range of money market instruments like fixed deposits. To achieve this the fund will invest in one or more funds which are managed by Schroders. | Cautious | 0.10% |
Fund Objectives
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| Fund | Full Objective |
| Mixed Asset: Balanced Pension Fund P1 | The Mixed Asset: Balanced Pension Fund predominately invests in one or more funds which are managed by Schroders. The Fund is designed to provide long term capital growth and income, together with a low to moderate level of investment risk. The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, alternatives, property. The portfolio will be actively managed relative to its designated benchmark and seeks to outperform its benchmark through active stock selection and asset allocation. The portfolio is designed to participate in the ABI Mixed Investment 20-60% shares peer group. The value of Investments within the fund may fall and rise and a positive return is not guaranteed, therefore you may get back less than was paid in. |
| Mixed Asset: Flexible Pension Fund P1 | The Mixed Asset: Flexible Pension Fund predominately invests in one or more funds which are managed by Schroders. The Fund is designed to provide long term capital growth and income, together with a high level of investment risk. The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, alternatives, property. The portfolio will be actively managed relative to its designated benchmark and seeks to outperform its benchmark through active stock selection and asset allocation. The portfolio is designed to participate in the ABI Mixed Investment Flexible peer group. The value of Investments within the fund may fall and rise and a positive return is not guaranteed, therefore you may get back less than was paid in. |
| Mixed Asset: Moderately Adventurous Pension Fund P1 | The Mixed Asset: Moderately Adventurous Pension Fund predominately invests in one or more funds which are managed by Schroders. The Fund is designed to provide long term capital growth and income together with a moderate level of investment risk. The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, alternatives, property. The portfolio will be actively managed relative to its designated benchmark and seeks to outperform its benchmark through active stock selection and asset allocation. The portfolio is designed to participate in the ABI Mixed Investment 40-85% shares peer group. The value of Investments within the fund may fall and rise and a positive return is not guaranteed, therefore you may get back less than was paid in. |
| Mixed Asset: Defensive Pension Fund P1 | The Mixed Asset: Defensive Fund predominately invests in one or more funds which are managed by Schroder's. The Fund is designed to provide long term capital growth and income, together with a low level of investment risk. The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, alternatives and property. The portfolio will be actively managed relative to its designated benchmark and seeks to outperform its benchmark through active stock selection and asset allocation. The portfolio is designed to participate in the ABI Mixed Investment 0-35% shares peer group. The value of Investments within the fund may fall and rise and a positive return is not guaranteed, therefore you may get back than was paid in. |
| Money Market Pension Fund P1 | The Money Market Pension Fund predominately provides exposure to a range of money market instruments like fixed deposits. To achieve this the fund will invest in one or more funds which are managed by Schroders. The fund aims to provide capital growth and aims to provide returns in excess of the Sterling Overnight Index Average before charges. Investments will have a maximum maturity(term) of 2 years and at least two thirds in money market instruments which are deemed to be investment grade. Although this fund is low risk your investment is still at risk and may fall in value, for instance where the return is lower than the fees taken. As with all investments there is risk with investing and the value of your investments may fall as well as rise, however these are not guaranteed, therefore you may get back less than has been paid in. |