UKLS
Financial Services Unit Trusts and OEIC's
UKLS Financial Services Unit Trusts and OEIC's
For
some time NPI has been working with Henderson Global Investors
on a full review of UKLS Financial Services Unit Trust and
OEIC funds, all of which are managed by Henderson. Given the
recent announcement that the NPI Life and Pension funds are
to closed to new business (but will continue to accept contractual
increases to contributions), they wanted to advise you now
of what they are planning to do with the Unit Trust and OEIC
funds. UKLS Financial Services will be providing to you and
your clients more detailed information about the proposals
later this year.
NPI
Investment Funds OEIC
Given the similarities between the NPI and Henderson OEIC
funds, UKLS Financial Services are working on plans to integrate
these ranges in order to provide greater efficiency and economies
of scale.
The
details regarding the merger are set out in the attached circular,
which has been sent out to investors. This change will have
no significant impact on the investment management of the
funds, given that Henderson has been managing all the NPI
Unit Trust and OEIC funds since the acquisition of NPI by
AMP in 1999.
For
further information on UKLS Financial Services Unit Trusts
and OEIC's visit the UKLS Financial Services website.
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