Your fund selection. Retirement Investments Insurance Health

Transcription

1 Your fund seection Retirement Investments Insurance Heath

2 Wecome The purpose of this guide is to hep you understand the types of funds avaiabe under your pension, bond, endowment or other Aviva Life products (which we wi ca your pan throughout this guide). The fund ist has been downoaded from a ive database, so you can be confident you have the atest information avaiabe. However, the fund ist may have been fitered to meet your requirements so may not refect the fu range avaiabe under your pan. Before you get to the fund ist, pease read through the next few pages carefuy to understand what the fund information means. This guide is for information ony and is not financia advice. We recommend you speak to a financia adviser before you make any investment decisions. If you don t have an adviser, you can find one in your oca area at

3 Contents Understand the basics Aviva fund types Aviva s risk and return s Risk factors Charges Funds Other investment options What happens next?

4 Understand the basics The payments made into your pan wi be invested in a fund or funds, to give your money the potentia to grow. It is important that you are happy with the way your money is invested. Aviva fund types We categorise our funds using a ist of fund types so that simiar types of funds can be compared more easiy. These fund types are mainy decided by the types of asset cass a fund invests in. An asset is anything of vaue that can be invested in. Assets with simiar characteristics are grouped together to form asset casses. There are four main asset casses equities (shares), cash/money market, and property each with different pros and cons. An investment fund wi invest in one or more asset casses. We categorise a fund based on what type and proportion of asset cass/es it invests in. For exampe, funds in the Equities category wi mainy invest in equities. Some funds may aso beong to more than one category. For exampe, an equity fund that aims to foow a specific stock market index wi aso be in the category. Knowing what category your funds are in ets you compare one fund with another of a simiar nature. Pease remember that the vaue of your investments can go down as we as up, and may be worth ess than the amount paid in. Any income from investments isn t guaranteed and can go up or down. Aviva s fund types are defined beow. Cash/Money market Cash/Money market funds are ower risk investments aimed at giving simiar growth to bank/buiding society interest rates, however, investing in these funds is not the same as saving in a bank or buiding society account. Athough this is the east risky of the asset types, these funds can sti fa in vaue. In the ong-term an investment in this type of fund can be eroded due to the effects of fund charges, product charges and infation. They invest in cash and cash aternatives: Cash means a range of short-term deposits simiar to a bank/buiding society account. Cash aternatives are money market securities, which are interest gene investments, issued by governments, banks and other major institutions. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. are issued by UK and internationa companies as a way for them to borrow money. The company pays interest on the oan and promises to repay the debt at a certain point in time. They are seen as riskier investments than UK gits, which are oans to the UK government. This is because companies are more ikey to fai to repay the oan than the UK government. However, they often offer a higher rate of return to baance out this higher risk. The highest risk tend to offer the highest potentia returns; these are known as high yied. A corporate bond fund wi usuay invest in a range of which means you re spreading the risk in case one company can t pay back the money it owes. Interest rate movements have an impact on corporate bond and fund unit prices. So for exampe, as interest rates rise, bond prices fa. This woud affect the vaue of your investment. If you need to access your money quicky it is possibe that, in extreme market conditions, it coud be hard to se hodings in corporate bond funds. This means there coud be a deay in receiving your money. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested.

5 Distribution (appicabe to ony) Distribution funds aim to provide a reguar income. They invest in income-gene assets ike shares that pay dividends; corporate that pay interest; and commercia (business) property that receives renta income. You receive the income produced by the fund, minus any fund charges. The amount of any income payments can vary and isn t guaranteed. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. Equities (Shares) Equities are shares in companies isted on stock exchanges around the word. As shares can rise and fa in vaue very easiy, equities are riskier than most other investments. However, they usuay offer the greatest chance of higher returns over the ong term. Some funds invest in shares traded ony in certain countries, whie others invest in companies from a over the word. Others ony invest in certain types of company, such as technoogy companies. Generay, the more speciaised the fund is, the higher the risk to your investment. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. Ethica Funds where the choice of investments is infuenced by socia, environmenta or other ethica criteria. Some of these funds undertake ethica screening to meet their investment aims. This means they wi check companies against certain mora standards before investing in them. Because ethica funds are therefore unabe to invest in certain sectors and companies they may be more sensitive to price swings than other funds. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. Gits UK gits (aso known as government ) are issued by the UK government as a way for them to borrow money, usuay for a fixed term. The government pays interest on the oan. As they are issued by the UK government, they are generay seen as ower risk investments than issued by companies (corporate ). As gits can be bought and sod on the open market, their vaue can rise and fa. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. Goba Goba bond funds invest in issued by companies (corporate ) and governments from around the word. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. Guaranteed (appicabe to ony) The guaranteed funds offer a fifth anniversary guarantee on a percentage of your origina investment into the fund. Any withdrawas or switches out of the guaranteed funds before the fifth anniversary wi reduce the guarantee in proportion to the number of units canceed, rather than the cash amounts taken from the fund. In this event, you may not get back the fu amount of your origina payment into the fund. The funds invest in a mix of assets incuding equities. The proportion of your money invested in equities provides most opportunity for your investment to grow. The vaue of equities can go down as we as up depending on market conditions. If the market goes down, the fund manager wi se equities to make sure the vaue at the fifth anniversary doesn t go beow the guaranteed amount. Simiary, if the markets go up, the fund manager may increase the equity proportion, so increasing the potentia for growth. In short, as market conditions change during the five-year period, so wi the proportion of equities in the fund, which coud imit the growth potentia. On the fifth anniversary you can choose to: reinvest into another fund (incuding a new guaranteed fund) cash in your bond and invest in another product, or cash in your bond and take the money. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested.

6 funds invest in a range of assets such as equities, corporate, gits, property and cash. The diversification offered by these funds heps spread the risk to your money. If one type of asset fas in vaue, another type may offset that reduction in vaue by performing we. In that way, it s possibe that the overa vaue of your investment may not fa. On the other hand, because the fund s investments are spread between different asset types, if one type performs especiay we you may miss out on some growth. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. Property These funds invest mainy in commercia property, such as shopping centres and business offices. They may aso invest in indirect property investments, incuding quoted property trusts and unreguated coective investment schemes. The funds may aso hod geared investments. With these, the investment manager borrows money to boost potentia growth and income. The manager repays the oan from the returns and uses the remaining returns to increase profits for investors. Geared investments can carry a higher degree of risk than norma investments and can aso fa sharpy or suddeny in vaue. A vauer s opinion often decides the vaue of property investments and it may not be possibe to se property investments immediatey. That means there coud be a deay if you want to move a or part of your investment out of funds investing in property. We may have to deay payments, or transferring or moving your money for up to six months. If a property fund invests in a coective fund which suspends trading, the property fund may hod more cash than usua unti the underying coective fund begins trading again. This coud restrict growth potentia as cash investments have ess potentia for growth than property investments. Pease remember the vaue of property can go down as we as up and is not guaranteed. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. Speciaist/Other This type of investment covers funds that don t fit into the other fund types. For exampe, they may invest in assets such as infrastructure, commodities, derivatives and hedge funds or may be free to invest in any asset type at any time. Each fund in this group wi invest differenty, so you shoud check its fact sheet for the fund objective, risk and asset detais. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. These funds aim to perform in ine with a particuar stock market index. They are often referred to as passive rather than active managed funds, where the fund manager makes the investment decisions. Funds can track the index in three main ways and more than one method may be used. The fund can try to: hod the same assets as the index in the same proportions decide on a seection of hodings to sti cosey mirror the index performance, and/or use derivatives. (Derivatives are a financia contract whose vaue is based, or derived from, a traditiona security or asset (stock, bond or commodity) or a market index.) Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested.

7 With-Profits This is a specia type of mixed asset investment. It shares the profits and osses of a with-profits fund with investors through a system of bonuses. Your payment buys units in a with-profits fund. For most with-profits funds, the price of these units increases with the addition of reguar bonuses. We don t guarantee to add a reguar bonus to your investment each year. You may receive a fina bonus when you cash in or switch your investment out of the With-Profit Fund or in the event of your death. The aim of a with-profits fund is to spread out profits or osses from one year to the next. This is caed smoothing and is unique to with-profits investments. The effect of smoothing means you re ikey to see a steadier return year on year, rather than watching the vaue of your investment rise and fa in ine with stock market fuctuations. As a resut of smoothing, the investment risk on a with-profits fund is ower than investing directy in the same equities or property. If you move money out of a with-profits fund at a time when there s been a arge or sustained fa in stock markets or when investment returns are beow the eve we normay expect, we may have to appy a market vaue reduction. This woud reduce the vaue of your investment. We appy a market vaue reduction to make sure a our customers receive their fair share of the returns earned over the period of their investment. We guarantee we wi not appy a market vaue reduction on your death. If you re a pension customer and you keep your money invested in the pension With-Profit Fund unti the retirement date you originay chose, in most cases we wi not appy a market vaue reduction. This doesn t appy: if you started your pan within five years of your chosen retirement date to new one-off investments or increases to reguar contributions (other than automatic increases which have aready been agreed by us) made within five years of your chosen retirement date to any existing investment moved into the With-Profit Fund within five years of your chosen retirement date to switches out of the With-Profit Fund. If you move out of the With-Profit Fund before or after your originay seected retirement date, we may appy a market vaue reduction when you take your benefits. Pease remember that the vaue of funds can go down as we as up and you may get back ess than has been invested. You can find out more about with-profits funds on our website seect-investment/funds-to-invest-in/with-profits/ or contact us on for a copy of our guide. Pease note: For a funds In certain circumstances we may need to deay payments, transfers and switching your funds as outined in your pan terms and conditions. This coud, for exampe, be as a resut of adverse market conditions or where it woud ead to the unfair treatment of other investors. The deay may be up to one month for most funds or up to six months if the fund you ve invested in cannot be easiy converted to cash. This incudes: a property fund or a fund that s fuy or party invested in the form of and or buidings. For further detais, pease refer to your poicy terms and conditions. After such a deay the unit price used wi be the price appicabe at the end of the deferred period, further expained in your Terms and Conditions or Key Features.

8 Aviva s risk and return s To further hep you decide which investment funds to invest in, we give each one a risk/return, ranging from 1 (ow) to 5 (high). Each is a measure of the approximate risk/investment return potentia of that fund. The tabe beow expains what each means. When it comes to investments, risk refers to the possibiity of osing money. Return, on the other hand, is any gain you make on top of what you originay invested. High-risk investment funds tend to be capabe of much greater returns than ower risk ones. But there s more chance you ose money with them. The ups and downs of higher risk funds can be both greater and more reguar than ower risk funds. With ow-risk funds, there s ess chance of osing money, but they tend to be capabe of much ower returns than higher risk funds. The risk/return s are based on our interpretation of risk/return and are ony meant as a guide. These s are not guaranteed and may change in the future. The risk/return s are dispayed in the beow graph as RR. This chart shows the reationship between the two: Risk/Return curve Potentia return RR2 RR3 RR4 RR5 RR1 Low Low/Medium Medium Medium/High High Risk Aviva s risk and return s defined We reguary review the s we give to each investment fund. So they might change from time to time. The fund centre is kept up to date with the atest risk. Risk/return Typica fund characteristics 1 (Low) Funds with this usuay aim to provide returns simiar to those you d get from deposit and savings accounts, athough there s sti a risk the vaue of your investment coud fa. 2 (Low to medium) Expected to provide better ong-term returns than savings accounts. Typicay invest in high quaity corporate or provide a form of guarantee or capita protection, athough there is sti a risk the vaue of your investment coud fa. 3 (Medium) Typicay don t offer guarantees, but have the potentia for better ong-term returns than ower risk funds, athough there s a risk the vaue of your investment coud fa. Generay invest in a diversified mix of assets or in fixed income issued by higher risk companies. 4 (Medium to high) Funds that typicay invest in shares of companies in the UK or other major stock markets. Fund prices may fuctuate significanty but offer the potentia for good returns over the ong term. 5 (High) Funds that invest in the higher risk sectors (typicay emerging markets or specific themes), offering the greatest potentia for ong-term returns but the highest prices fuctuations and risk to your money. Pease remember the vaue of your fund can go down as we as up and may be worth ess than has been paid in.

9 Risk factors You may aso need to consider specific risk factors of a fund, depending on what it invests in. For exampe, a fund investing in overseas assets wi be affected by the exchange rate. The risk factors of a fund wi be isted on its fund factsheet, avaiabe onine at or you can contact us on for a copy (open Monday to Friday 8am - 8pm, Saturday 8.30am - 5pm and Sunday 10am - 4pm). The definitions of these risk factors are isted beow. Emerging markets The fund invests in emerging markets, which are generay ess we reguated than the UK. There is an increased chance of poitica and economic instabiity and assets can be more difficut to buy and se. A fund investing in overseas markets is aso affected by currency exchange rates, which wi affect the vaue of the fund. These factors a mean that an investment in an emerging market carries more risk. Smaer companies The fund invests in smaer companies. The shares of smaer companies can be more voatie and more difficut to buy and se than arger company shares, so smaer companies funds can carry more risk. High yied The fund invests in high yied (non investment grade). This means that have a Credit Quaity of BB or ess. High yied carry a greater risk than investment grade that the issuer may not be abe to pay interest or return capita. In addition, economic conditions and interest rate movements wi have a greater effect on their price. Geared investments The fund hods geared investments. This means that the underying investments incude a eve of borrowing. It is possibe that the fund may suffer sudden and arge fas in vaue compared with a fund that has no geared investments. Long term investments You shoud aways ook at an investment as a ong-term commitment. You shoudn t invest money that you may need in the short term, but keep it in reserve. Property funds The fund invests substantiay in property funds, property shares or direct property. You shoud bear in mind that: properties are not aways readiy saeabe and this can ead to times in which cients are unabe to dispose of part or a of their hoding. property vauations are made by independent agents, but are utimatey subjective and a matter of judgement. property transaction costs are high (typicay around 7% due to ega costs, vauations and stamp duty), which wi affect the fund s returns. Exchange rate When funds invest in overseas assets, the vaue wi go up and down in ine with movements in exchange rates as we as the changes in vaue of the fund s hodings. Performance charges This fund can charge a fee dependent upon the fund s performance. Detais of how the fee is cacuated can be found on the reevant fund factsheet.

10 Derivative exposure The fund invests in derivatives as part of its investment strategy, over and above their use for efficient portfoio. Derivatives are financia contracts whose vaue is based on the prices of other assets. They can be used to: hep reduce the costs and risks of a fund as part of efficient portfoio. hep reduce the risk of osing money due to changes in the vaue of the underying assets. This is known as hedging. increase profit if the vaue of the underying assets changes as you expect. This is known as specuation. Under certain circumstances, derivative exposure can make a fund more voatie and have a higher risk profie than one that ony invests in, for exampe, equities. When a fund invests in derivatives, it s exposed to the risk that the company issuing the derivative may not honour their obigations, which coud ead to osses.

11 Charges Some funds carry certain charges. If a fund has a particuar charge, you wi see this discosed on the fund centre. This charge is in addition to your product charges (which you wi find detais of in your poicy document). Beow we have defined what the fund charges are. charge/ With certain funds you have to pay an extra charge; this refects the extra cost of managing these funds. The charge you pay wi vary depending on the fund you choose. For bond customers: for funds with a guarantee, the extra charge wi ony appy up to the guarantee point. Fund manager expense charge () s are charges that cover the fund manager s expenses connected with buying, seing, vauing, owning and maintaining the assets in the funds. This charge is taken into account in the unit price. s may vary from year to year. This is the tota sum of the extra charge/ and any fund manager expense charge (). This is an annua charge which is taken into account in the fund s buying or seing price. It isn t expicity deducted from your investment. You can find the daiy fund prices at our onine fund centre visit or ca us on (Monday to Friday 8am - 8pm, Saturday 8.30am - 5pm and Sunday 10am - 4pm).

12 Funds Your financia adviser wi hep you seect the fund(s) most appropriate to your needs, depending on the eve of risk you re wiing to take. Pease note: We review our funds reguary and the detais may change from time to time. The Fund Centre wi aways show the atest information. It is important that you reguary review your funds to ensure they sti meet your needs. The fund factsheet and guide expains more about how each fund has different aims and eves of risk, avaiabe in our Fund Centre via our website,

13 Date: 09/03/2018 : Life Fund name Aberdeen Muti-Manager Cautious Managed Portfoio AL Aberdeen Muti-Manager Cautious Managed Portfoio FPL Aberdeen Muti-Manager Ethica Portfoio FPL Active Protector 70 AL Active Protector 80 AL Aianz Emerging Markets Equity AL Anniversary AL Architas MA Active Dynamic AL / PSB Architas MA Active Growth AL / PSB Architas MA Active Intermediate Income AL / PSB Architas MA Active Moderate Income AL / PSB Architas MA Active Progressive AL / PSB Architas MA Active Reserve AL Architas MA Bended Intermediate MLC Architas MA Bended Moderate MLC Architas MA Bended Reserve MLC Architas MA Passive Intermediate AL Architas MA Passive Moderate AL Architas Muti-Manager Diversified Protector 70 AL Architas Muti-Manager Diversified Protector 80 AL Artemis Income AL / MLC / PSB Artemis Income FPL Artemis Strategic Bond AL Artemis Strategic Bond FPL Artemis Strategic Bond FPL Artemis UK Seect AL / MLC / PSB Artemis UK Seect FPL

14 Artemis UK Specia Situations AL / PSB Artemis UK Specia Situations FPL Asia Pacific ex Japan Equities AL Asia Pacific ex Japan Equities AL / PSB Asian Growth NML AXA Framington American Growth AL / MLC / PSB AXA Framington Biotech AL / PSB AXA Framington Emerging Markets AL AXA Framington European AL AXA Framington Financia AL AXA Framington Goba Technoogy AL / PSB AXA Framington Heath AL / PSB AXA Framington Managed Baanced AL / PSB AXA Framington UK Seect Opportunities AL / MLC / PSB AXA Framington UK Smaer Companies AL / PSB AXA Goba High Income AL / PSB AXA Stering Strategic Bond AL / PSB Baiie Gifford American AL / PSB Baiie Gifford Goba Income Growth FPL Baiie Gifford Managed AL / PSB Baiie Gifford UK Equity Apha AL Baiie Gifford UK Equity Apha FPL BackRock Baanced Growth Portfoio FPL BackRock Bond FPL BackRock God and Genera AL BackRock God and Genera FPL BackRock Stering Liquidity S1 FPL

15 BackRock Stering Liquidity S3 FPL BZW Baanced AL Cash AL Cash AL / PSB Cash LML / FPP Cash NML Composite Fideity Specia Situations FPL Conscience NML Defensive Distribution AL / PSB Deferred Distribution AL Deferred Distribution AL / PSB Deposit NML Deutsche Managed Stering AL Distribution AL Distribution AL / PSB Equity EL Ethica Distribution AL Ethica Distribution AL / PSB Ethica Safeguard Optimiser S1 FPL Ethica Safeguard Optimiser S2 FPL Europe ex UK Equities AL Europe ex UK Equities AL / PSB European LML European LML European LML European LML / FPL European NML

16 F&C MM Lifestye Baanced AL F&C MM Lifestye Cautious AL F&C MM Lifestye Defensive AL F&C MM Navigator Distribution Acc S1 FPL F&C MM Navigator Distribution Acc S2 FPL F&C MM Navigator Distribution Inc S1 FPL F&C MM Navigator Distribution Inc S2 FPL F&C MM Navigator Moderate S1 FPL F&C MM Navigator Moderate S2 FPL F&C MM Navigator Progressive S1 FPL F&C MM Navigator Progressive S2 FPL F&C Responsibe UK Equity Growth AL F&C Strategic Bond Acc S1 FPL F&C Strategic Bond Acc S2 FPL F&C Strategic Bond FPL F&C Strategic Bond Inc S1 FPL F&C Strategic Bond Inc S2 FPL Far East AL Far Eastern Growth NML Fideity American AL Fideity Cash MLC Fideity Emerging EMEA Europe, Midde East and Africa AL Fideity European AL / MLC / PSB Fideity European FPL Fideity European Opportunities AL Fideity Income AL Fideity Goba Property AL

17 Fideity MoneyBuider Income Acc FPL Fideity MoneyBuider Income AL / MLC / PSB Fideity Specia Situations AL / PSB Fideity Specia Situations FPL Fideity Strategic Bond AL Fideity WeathBuider AL / PSB Fideity WeathBuider FPL First State Goba Resources AL / PSB Fixed Interest Fixed Interest Fixed Interest AL Fixed Interest AL / PSB Fixed Interest EL Fixed Interest FPL Fixed Interest LML Fixed Interest NML Frankin Mutua Shares AL Goba Distribution AL Goba Distribution AL / PSB Goba Equities AL Goba Equities AL / PSB Goba Equity Goba Equity FPL Goba Equity LML Goba Equity LML Goba Managed AL Goba Managed AL / PSB

18 Guaranteed Deposit LML Guaranteed Deposit NML High Yied Distribution AL High Yied Distribution AL / PSB Higher Income AL Higher Income AL / PSB HSBC Goba Property AL HSBC Open Goba Distribution AL Impax Environmenta Markets (Ireand) FPL Income Accumuation NML Income Distribution NML Index-Linked AL Index-Linked AL / PSB Index-Linked FPL Internationa EL Internationa Index Tracking MLC Internationa NML Invesco Perpetua Asian AL Invesco Perpetua Asian FPL Invesco Perpetua Bond AL / MLC Invesco Perpetua Bond FPL Invesco Perpetua Distribution Acc FPL Invesco Perpetua Distribution AL Invesco Perpetua Distribution Inc FPL Invesco Perpetua Goba Bond AL / MLC Invesco Perpetua Goba Bond FPL Invesco Perpetua High Income AL

19 Invesco Perpetua High Income FPL Invesco Perpetua High Income FPL Invesco Perpetua Income & Growth AL Invesco Perpetua Income AL / MLC / PSB Invesco Perpetua Japan AL / PSB Invesco Perpetua Japan FPL Invesco Perpetua Monthy Income Pus Invesco Perpetua Monthy Income Pus Acc FPL Invesco Perpetua Monthy Income Pus AL / PSB Invesco Perpetua Monthy Income Pus Inc FPL Investec American AL / PSB Investec American FPL Investec Cautious Managed AL / PSB Investec Cautious Managed FPL Investec Diversified Income Acc FPL Investec Diversified Income FPL Investec Diversified Income Inc FPL Investec Goba Strategic Equity Fund AL Investec UK Smaer Companies FPL Investec UK Specia Situations AL / PSB Investment Trust Portfoio Investment Trust Portfoio Investment Trust Portfoio FPL Investment Trust Portfoio LML ishares Index Linked Git Index EL Janus Henderson Cautious Managed Acc FPL Janus Henderson Cautious Managed AL / PSB

20 Janus Henderson Cautious Managed Inc FPL Janus Henderson China Opportunities AL / PSB Janus Henderson China Opportunities FPL Janus Henderson Emerging Markets Opportunities AL / PSB Janus Henderson Emerging Markets Opportunities FPL Janus Henderson European Growth AL / PSB Janus Henderson European Growth FPL Janus Henderson European Seected Opportunities AL / PSB Janus Henderson Fixed Interest Monthy Income AL / PSB Janus Henderson Fixed Interest Monthy Income FPL Janus Henderson Goba Equity Income AL Janus Henderson Stering Bond AL / PSB Janus Henderson UK Property AL / PSB Janus Henderson UK Property FPL Janus Henderson US Growth AL / PSB Japan Japan Equities AL Japan Equities AL / PSB Japan LML JPM Emerging Markets AL / PSB JPM Natura Resources AL / PSB JPM Natura Resources FPL JPM UK Equity Growth AL / PSB Jupiter Bond AL Jupiter Distribution AL Jupiter Distribution and Growth AL Jupiter Ecoogy AL

21 Jupiter Ecoogy FPL Jupiter European AL Jupiter European Specia Situations AL / PSB Jupiter Financia Opportunities AL / PSB Jupiter Income AL / PSB Jupiter Income FPL Jupiter Merin Baanced FPL Jupiter Merin Growth Acc FPL Jupiter Merin Growth AL Jupiter Merin Growth Inc FPL Jupiter Merin Income Acc FPL Jupiter Merin Income AL Jupiter Merin Income Inc FPL Jupiter UK Growth AL Kames Ethica Bond FPL Kames Ethica Equity FPL Kames Stering Bond FPL Kames Strategic Bond Acc FPL Kames Strategic Bond Inc FPL Key EL Keinwort Benson Opportunist AL M&G Episode Aocation FPL M&G European Bond AL M&G Feeder of Property AL M&G Feeder of Property FPL M&G Git & Fixed Interest Income AL M&G Goba High Yied Bond FPL

22 M&G Optima Income FPL Managed (ex Moneymaker) LML Managed Managed AL Managed AL / PSB Managed FPL / LML Managed LML Managed LML Managed NML Money Market EL Monthy Distribution Acc FPL Monthy Distribution AL / PSB Monthy Distribution FPL Monthy Distribution Inc FPL Monthy Distribution NML Monthy High Yied Distribution AL / PSB Monthy Stering Bond AL / PSB New Word Equity B EL New Word Money Market Secure B EL Newton Goba Equity AL Newton Goba Income FPL Newton Internationa Bond AL / PSB Newton Muti-Asset Diversified Return AL Newton Muti-Asset Growth AL / PSB Newton UK Equity AL / PSB Newton UK Income AL / PSB North America Equities AL

23 North America Equities AL / PSB North American North American North American FPL North American LML North American NML Od Mutua Bond AL Od Mutua Bond FPL Od Mutua UK Mid Cap FPL Pacemaker EL Pacific Basin FPL Property Property Property AL Property AL / PSB Property EL Property FPL Property LML Property NML Reserve AL Reserve AL / PSB Schroder Absoute Return Bond AL Schroder European Apha Pus AL Schroder European Opportunities AL Schroder Goba Cities Rea Estate AL / PSB Schroder Goba Emerging Markets AL Schroder Income AL

24 Schroder Income FPL Schroder Income Maximiser AL Schroder MM Diversity AL / PSB Schroder MM Diversity FPL Schroder Tokyo AL / MLC / PSB Schroder Tokyo FPL Schroder UK Apha Pus FPL Schroder UK Bond AL Schroder UK Smaer Companies AL / MLC / PSB Schroder UK Smaer Companies FPL Schroder US Mid Cap AL Schroder US Smaer Companies AL / PSB Standard Life Investments Investment Grade Bond AL Stering Bond AL / PSB Stewardship Bond FPL Stewardship FPL Stewardship Income FPL Stewardship Internationa FPL Stewardship Managed FPL Stewart Investors Asia Pacific Leaders AL / MLC / PSB Stewart Investors Asia Pacific Leaders FPL Stewart Investors Goba Emerging Markets Leaders AL / MLC / PSB Stewart Investors Goba Emerging Markets Leaders FPL Threadneede European Seect PSB Threadneede Goba Seect AL / PSB Threadneede Goba Seect FPL Threadneede Managed Equity & Bond FPL

25 Threadneede Strategic Bond PSB Threadneede UK Bond FPL Tokyo NML UK Equity UK Equity UK Equity AL UK Equity AL / PSB UK Equity FPL UK Equity Income FPL UK Equity Income Inc FPL UK Equity LML UK Equity NML UK Index Tracking FPL UK Property Fund AL / MLC / PSB UK Property Fund FPL UK Safeguard Optimiser S1 FPL UK Safeguard Optimiser S2 FPL UK AL Unit Assurance Equity EL Unit Assurance Fixed Interest EL Unit Assurance Managed Unit Assurance Managed EL Unit Assurance Money Market EL Unit EL Aberdeen Asia Pacific Equity S4 5 Equities Aberdeen Word Equity S1 5 Equities % Aberdeen Word Equity S3 5 Equities %

26 Aberdeen Word Equity S4 5 Equities Aianz Git Yied S4 3 AM Deposit (NU) 1, Gits Cash/Money market % AM Equity (NU) 4 Equities % AM European (NU) 5 Equities % AM Fixed Interest (NU) 3 Gits % AM Index Linked (NU) 4 Gits % AM Internationa (NU) 4 Equities % AM Mixed Investment (40-85% Shares) (NU) % AM North American (NU) % AM Pacific (NU) 5 Equities % AM Property (NU) 3 Property % AM Stock Market Managed (NU) % American (CGU) 4 American (CGU) S2 4 American (GA) 4 American 1 S5 4 American 3 S5 4 American S % % % % % % Artemis European Opportunities S4 4 Equities Artemis Goba Growth S4 4 Equities Artemis Goba Income S4 4 Equities Artemis High Income S4 3, Goba Artemis Income S4 4 Equities Artemis Strategic Bond S4 3, Goba Artemis UK Seect S4 4 Equities Artemis UK Smaer Cos S4 4 Equities

27 Artemis UK Specia Situations S4 4 Equities Artemis US Seect S1 4 Equities % Artemis US Seect S3 4 Equities % Artemis US Seect S4 4 Equities AXA Framington Managed Baanced S AXA Framington UK Seect Opportunities S4 5 Equities BackRock Baanced Growth Portfoio S % BackRock Baanced Growth Portfoio S % BackRock Baanced Growth Portfoio S BackRock China S4 5 Equities BackRock Continenta European S1 5 Equities % BackRock Continenta European S3 5 Equities % BackRock Continenta European S4 5 Equities BackRock European Dynamic S4 5 Equities BackRock God & Genera S4 5 Speciaist/Other BackRock UK Absoute Apha S4 3 Speciaist/Other BackRock UK S1 4 Equities % BackRock UK S3 4 Equities % BackRock UK S4 4 Equities BackRock UK Smaer Companies S1 4 Equities % BackRock UK Smaer Companies S3 4 Equities % BackRock UK Smaer Companies S4 4 Equities BackRock UK Specia Situations S4 5 Equities BackRock US Dynamic S1 5 Equities % BackRock US Dynamic S3 5 Equities % BackRock US Dynamic S4 5 Equities BackRock US Opportunities S1 5 Equities %

28 BackRock US Opportunities S3 5 Equities % BackRock US Opportunities S4 5 Equities BNY Meon Absoute Return Bond S4 3 Speciaist/Other BNY Meon Long-Term Goba Equity S4 4 Equities Bond (NU) 2 Bond S1 2 Bond S3 2 Bond S4 2 Deposit & Treasury 1 S5 1 Deposit & Treasury 3 S5 1 Deposit & Treasury S5 1 Deposit (CGU) 1 Deposit (CGU) S2 1 Deposit (CU) 1 Deposit (GA) 1 Deposit (NU) 1 Deposit Init (PM) 1 Deposit Ord (PM) 1 Deposit S1 1 Deposit S2 1 Deposit S3 1 Deposit S4 1, Goba, Goba, Goba, Goba Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market Cash/Money market % % % % % % % % % % % % % % % % Distribution 1 S % Distribution 2 S Distribution 3 S % Distribution S Equity Init (PM) 4 Equities %

29 Equity Ord (PM) 4 Equities % European (CGU) 5 Equities % European (CGU) S2 5 Equities % European (GA) 5 Equities % European 1 S5 5 Equities % European 3 S5 5 Equities % European Equity (NU) 5 Equities % European Equity S1 5 Equities % European Equity S2 5 Equities % European Equity S3 5 Equities % European Equity S4 5 Equities European S5 5 Equities % Far East 1 S5 5 Equities % Far East 3 S5 5 Equities % Far East S5 5 Equities % Fideity American S4 5 Equities Fideity Asia S4 5 Equities Fideity Emerging Markets S4 5 Equities Fideity European S4 5 Equities Fideity Moneybuider Dividend S4 4 Equities Fideity MoneyBuider Income S4 2, Goba Fideity Muti Asset Strategic S Fideity Weathbuider S4 4 Equities Fideity Wordwide Specia Situations S4 5 Equities First State Goba Listed Infrastructure S4 4 Speciaist/Other First State Greater China Growth S4 5 Equities Fixed Interest (CGU) 3 Gits %

30 Fixed Interest (CGU) S2 3 Gits % Fixed Interest (CU) 3 Gits % Fixed Interest (GA) 3 Gits % Fixed Interest 1 S5 3 Gits % Fixed Interest 3 S5 3 Gits % Fixed Interest Init (PM) 3 Gits % Fixed Interest Ord (PM) 3 Gits % Fixed Interest S5 3 Gits % Fexibe Investment (CU) % Fexibe Investment 1 S % Fexibe Investment 3 S % Fexibe Investment S % Fexibe Investment S % Fexibe Investment S Fexibe Investment S % Frankin UK Mid Cap S4 5 Equities Git (NU) 3 Gits % Git S1 3 Gits % Git S2 3 Gits % Git S3 3 Gits % Git S4 3 Gits Goba Bond (NU) 3 Goba % Goba Bond S1 3 Goba % Goba Bond S3 3 Goba % Goba Bond S4 3 Goba Goba Equity (NU) 4 Equities % Goba Equity S1 4 Equities %

31 Goba Equity S2 4 Equities % Goba Equity S3 4 Equities % Goba Equity S4 4 Equities Goba Managed 1 S5 4 Equities % Goba Managed 3 S5 4 Equities % Growth Managed 1 S % Growth Managed 2 S % Growth Managed 3 S % Growth Managed S % Guaranteed 100 Fund 2 ( ) S1 2 Guaranteed 100 Fund 2 ( ) S3 2 Guaranteed 100 Fund 2 ( ) S4 2 Guaranteed 100 Fund 3 ( ) S1 2 Guaranteed 100 Fund 3 ( ) S3 2 Guaranteed 100 Fund 3 ( ) S4 2 Guaranteed 100 Fund 4 ( ) S1 2 Guaranteed 100 Fund 4 ( ) S3 2 Guaranteed 100 Fund 4 ( ) S4 2 Guaranteed 100 Fund 5 ( ) S1 2 Guaranteed 100 Fund 5 ( ) S3 2 Guaranteed 100 Fund 5 ( ) S4 2 Guaranteed 100 Fund 6 ( ) S1 2 Guaranteed 100 Fund 6 ( ) S3 2 Guaranteed 100 Fund 6 ( ) S4 - Guaranteed 100 Fund 7 (Post ) S1 2 Guaranteed 100 Fund 7 (Post ) S3 2 Guaranteed 100 Fund 7 (Post ) S % % % % % % % % % % % %

32 Guaranteed 100 Fund A ( ) S4 2 Guaranteed 80 Fund 2 ( ) S1 3 Guaranteed 80 Fund 2 ( ) S3 3 Guaranteed 80 Fund 2 ( ) S4 3 Guaranteed 80 Fund 3 ( ) S1 3 Guaranteed 80 Fund 3 ( ) S3 3 Guaranteed 80 Fund 3 ( ) S4 3 Guaranteed 80 Fund A ( ) S4 3 Guaranteed 90 Fund 2 ( ) S1 2 Guaranteed 90 Fund 2 ( ) S3 2 Guaranteed 90 Fund 2 ( ) S4 2 Guaranteed 90 Fund 3 ( ) S1 2 Guaranteed 90 Fund 3 ( ) S3 2 Guaranteed 90 Fund 3 ( ) S4 2 Guaranteed 90 Fund 4 ( ) S1 2 Guaranteed 90 Fund 4 ( ) S3 2 Guaranteed 90 Fund 4 ( ) S4 2 Guaranteed 90 Fund 5 ( ) S1 2 Guaranteed 90 Fund 5 ( ) S3 2 Guaranteed 90 Fund 5 ( ) S4 2 Guaranteed 90 Fund 6 ( ) S1 2 Guaranteed 90 Fund 6 ( ) S3 2 Guaranteed 90 Fund 6 ( ) S4 2 Guaranteed 90 Fund 7 (Post ) S1 2 Guaranteed 90 Fund 7 (Post ) S3 2 Guaranteed 90 Fund 7 (Post ) S4 2 Guaranteed 90 Fund A ( ) S % % % % % % % % % % % % % % % %

33 Hamiton Life Fund % High Yied Bond S4 3 Higher Income Bond (NU) 3 Higher Income Bond S1 3 Higher Income Bond S3 3 Higher Income Bond S4 3, Goba, Goba, Goba, Goba, Goba % % % IFSL Sinfonia Adventurous Growth Portfoio S4 4 Equities % IFSL Sinfonia Baanced Managed Portfoio S % IFSL Sinfonia Cautious Managed Portfoio S % IFSL Sinfonia Income & Growth Portfoio S % IFSL Sinfonia Income Portfoio S % Income (CGU) 2, Goba % Index-Linked (CGU) 4 Gits % Index-Linked (CGU) S2 4 Gits % Index-Linked (GA) 4 Gits % Index-Linked 1 S5 4 Gits % Index-Linked 3 S5 4 Gits % Index-Linked Git (CU) 4 Gits % Index-Linked Git Init (PM) 4 Gits % Index-Linked Git Ord (PM) 4 Gits % Index-Linked Git S4 4 Gits Internationa (CGU) 4 Internationa (CGU) S2 4 Internationa (GA) % % % Internationa Equity (CU) 4 Equities % Internationa Index Tracking (NU) 4 Internationa Index Tracking S % %

34 Internationa Index Tracking S3 4 Internationa Index Tracking S % Invesco Perpetua Asian S1 5 Equities % Invesco Perpetua Asian S3 5 Equities % Invesco Perpetua Asian S4 5 Equities Invesco Perpetua Bond S4 2, Goba Invesco Perpetua Distribution S Invesco Perpetua European Equity S1 5 Equities % Invesco Perpetua European Equity S3 5 Equities % Invesco Perpetua European Equity S4 5 Equities Invesco Perpetua European Smaer Companies S1 5 Equities % Invesco Perpetua European Smaer Companies S3 5 Equities % Invesco Perpetua European Smaer Companies S4 5 Equities Invesco Perpetua Goba Bond S1 2 Goba % Invesco Perpetua Goba Bond S3 2 Goba % Invesco Perpetua Goba Bond S4 2 Goba Invesco Perpetua Goba Equity S1 4 Equities % Invesco Perpetua Goba Equity S3 4 Equities % Invesco Perpetua Goba Equity S4 4 Equities Invesco Perpetua Goba Targeted Returns S4 3 Speciaist/Other Invesco Perpetua High Income S4 4 Equities Invesco Perpetua Income 2 S4 4 Equities Invesco Perpetua Income S1 4 Equities % Invesco Perpetua Income S3 4 Equities % Invesco Perpetua Income S4 4 Equities Invesco Perpetua Monthy Income Pus S4 3, Goba Invesco Perpetua UK Smaer Companies S1 4 Equities %

35 Invesco Perpetua UK Smaer Companies S3 4 Equities % Invesco Perpetua UK Smaer Companies S4 4 Equities Investec American S4 5 Equities Investec Cautious Managed S Investec Goba Strategic Equity S4 5 Equities Investec UK Smaer Companies S4 5 Equities Janus Henderson Cautious Managed S Janus Henderson European Seected Opportunities S1 5 Equities % Janus Henderson European Seected Opportunities S3 5 Equities % Janus Henderson European Seected Opportunities S4 5 Equities Janus Henderson Stering Bond S4 3, Goba Janus Henderson UK Absoute Return S4 3 Speciaist/Other Janus Henderson UK Smaer Companies S4 5 Equities Japan (CGU) 5 Equities % Japan (CGU) S2 5 Equities % Japan (GA) 5 Equities % Japan 2 (GA) 5 Equities % Japanese 1 S5 5 Equities % Japanese 3 S5 5 Equities % Japanese Equity (NU) 5 Equities % Japanese Equity S1 5 Equities % Japanese Equity S2 5 Equities % Japanese Equity S3 5 Equities % Japanese Equity S4 5 Equities Japanese S5 5 Equities % JPM Emerging Europe Equity S4 5 Equities JPM Emerging Markets S4 5 Equities

36 JPM European Smaer Companies S1 5 Equities % JPM European Smaer Companies S3 5 Equities % JPM European Smaer Companies S4 5 Equities JPM Natura Resources S4 5 Speciaist/Other JPM UK Dynamic S1 4 Equities % JPM UK Dynamic S3 4 Equities % JPM UK Dynamic S4 4 Equities JPM US S1 5 Equities % JPM US S3 5 Equities % JPM US S4 5 Equities Jupiter Distribution and Growth S Jupiter Ecoogy S1 5 Ethica, Equities % Jupiter Ecoogy S4 5 Ethica, Equities Jupiter Financia Opportunities S4 5 Speciaist/Other Jupiter Income S4 4 Equities Jupiter Merin Baanced Portfoio S Jupiter Merin Growth Portfoio S Jupiter Merin Income Portfoio S Jupiter Merin Wordwide Portfoio S4 4 Equities Jupiter Strategic Bond S4 2, Goba Jupiter UK Growth S4 5 Equities Kames Ethica Equity S4 4 Ethica, Equities Kames High Yied Bond S4 3 Kames Stering Bond S4 3 Kames Strategic Bond S4 3, Goba, Goba, Goba Liontrust Sustainabe Future Absoute Growth S1 5 Ethica, Equities % Liontrust Sustainabe Future Absoute Growth S3 5 Ethica, Equities %

37 Liontrust Sustainabe Future Absoute Growth S4 5 Ethica, Equities Liontrust Sustainabe Future Cautious Managed S Liontrust Sustainabe Future Bond S1 3 Liontrust Sustainabe Future Bond S3 3 Liontrust Sustainabe Future Bond S4 3, Ethica, Ethica, Ethica % % Liontrust Sustainabe Future Defensive Managed S Liontrust Sustainabe Future European Growth S1 5 Ethica, Equities % Liontrust Sustainabe Future European Growth S3 5 Ethica, Equities % Liontrust Sustainabe Future European Growth S4 5 Ethica, Equities Liontrust Sustainabe Future Goba Growth S1 4 Ethica, Equities % Liontrust Sustainabe Future Goba Growth S3 4 Ethica, Equities % Liontrust Sustainabe Future Goba Growth S4 4 Ethica, Equities Liontrust Sustainabe Future Managed S1 4 Liontrust Sustainabe Future Managed S3 4 Liontrust Sustainabe Future Managed S4 4 Ethica, Mixed asset Ethica, Mixed asset Ethica, Mixed asset % % Liontrust Sustainabe Future UK Growth S1 4 Ethica, Equities % Liontrust Sustainabe Future UK Growth S3 4 Ethica, Equities % Liontrust Sustainabe Future UK Growth S4 4 Ethica, Equities Liontrust UK Ethica (NU) 5 Ethica, Equities % Liontrust UK Ethica S1 5 Ethica, Equities % Liontrust UK Ethica S2 5 Ethica, Equities % Liontrust UK Ethica S3 5 Ethica, Equities % Liontrust UK Ethica S4 5 Ethica, Equities M&G Bond 2 S4 2 M&G Bond S1 2 M&G Bond S3 2 M&G Bond S4 2, Goba, Goba, Goba, Goba % %

38 M&G Git & Fixed Interest S4 3 Gits M&G Goba Dividend S4 4 Equities M&G Goba Leaders S4 4 Equities M&G Goba Themes S4 5 Equities M&G Optima Income S4 3 M&G Strategic Bond S4 2, Gits, Goba, Goba M&G UK Seect S1 4 Equities % M&G UK Seect S3 4 Equities % M&G UK Seect S4 4 Equities Man GLG Baanced Managed S % Man GLG Baanced Managed S % Man GLG Baanced Managed S Man GLG Japan CoreApha S4 5 Equities Man GLG Strategic Bond S4 3 Managed High Income 2 S4 3 Managed High Income S4 3 MF Deposit (NU) 1, Goba, Goba, Goba Cash/Money market % MF Equity (NU) 4 Equities % MF Fixed Interest (NU) 3 Gits % MF Index-Linked (NU) 4 Gits % MF Internationa (NU) 4 Equities % MF Mixed Investment (40-85% Shares) (NU) % MF Property (NU) 3 Property % Mixed Investment (0-35% Shares) (NU) % Mixed Investment (0-35% Shares) 1 S % Mixed Investment (0-35% Shares) 3 S % Mixed Investment (0-35% Shares) S %

39 Mixed Investment (0-35% Shares) S % Mixed Investment (0-35% Shares) S Mixed Investment (20-60% Shares) (CU) % Mixed Investment (20-60% Shares) (NU) % Mixed Investment (20-60% Shares) 2 S % Mixed Investment (20-60% Shares) S % Mixed Investment (20-60% Shares) S % Mixed Investment (20-60% Shares) S % Mixed Investment (20-60% Shares) S Mixed Investment (20-60% Shares) S % Mixed Investment (40-85% Shares) (CGU) % Mixed Investment (40-85% Shares) (CGU) S % Mixed Investment (40-85% Shares) (CU) % Mixed Investment (40-85% Shares) (GA) % Mixed Investment (40-85% Shares) (NU) % Mixed Investment (40-85% Shares) Init (PM) % Mixed Investment (40-85% Shares) Ord (PM) % Mixed Investment (40-85% Shares) S % Mixed Investment (40-85% Shares) S % Mixed Investment (40-85% Shares) S % Mixed Investment (40-85% Shares) S Monthy Income Pus S4 2 Muti-asset Fund I S4 2 Muti-asset Fund II S4 3 Muti-asset Fund III S4 3 Muti-asset Fund IV S4 4 Muti-asset Fund V S4 4, Goba, Speciaist/Other, Speciaist/Other, Speciaist/Other, Speciaist/Other, Speciaist/Other

40 Muti-Manager 20-60% Shares S % Muti-Manager 20-60% Shares S % Muti-Manager 20-60% Shares S Muti-Manager 40-85% Shares S % Muti-Manager 40-85% Shares S % Muti-Manager 40-85% Shares S Muti-Manager Fexibe S % Muti-Manager Fexibe S % Muti-Manager Fexibe S Muti-Strategy Target Income S4 3 Speciaist/Other Muti-Strategy Target Return S4 3 Speciaist/Other Newton Goba Income S4 4 Equities Newton Internationa Bond S4 4 Goba Newton Muti-Asset Baanced S Newton Muti-Asset Growth S Newton Rea Return S4 3 Speciaist/Other Od Mutua UK Apha S4 4 Equities Od Mutua UK Mid Cap S4 5 Equities Overseas Equity Init (PM) 4 Equities % Overseas Equity Ord (PM) 4 Equities % Pacific (CGU) 5 Equities % Pacific (CGU) S2 5 Equities % Pacific (GA) 5 Equities % Pacific Equity (NU) 5 Equities % Property (CGU) 3 Property % Property (CGU) S2 3 Property % Property (CU) 3 Property %

41 Property (GA) 3 Property % Property (NU) 3 Property % Property 2 S4 3 Property Property Init (PM) 3 Property % Property Ord (PM) 3 Property % Property S1 3 Property % Property S2 3 Property % Property S3 3 Property % Property S4 3 Property Rathbone Goba Opportunities S4 5 Equities RBSG With-Profit 2 With-Profits % RBSG With-Profit S4 2 With-Profits Reguar With Profit 1 S5 2 With-Profits % Roya London Open Portfoio (20-60% Shares) S Roya London Open Portfoio (40-85% Shares) S Roya London Open Portfoio (50%-100% Shares) S Roya London Seect Portfoio (20-60% Shares) S Roya London Seect Portfoio (40-85% Shares) S Roya London Seect Portfoio (50%-100% Shares) S Roya London Sustainabe Diversified S4 - Ethica, Mixed asset Roya London Sustainabe Leaders S4 4 Ethica, Equities Roya London Sustainabe Leaders Trust S4 4 Ethica, Equities Roya London Sustainabe Word Trust S4 - Ethica, Mixed asset Roya London UK Income with Growth S Roya London UK Income with Growth Trust S Schroder Asian Apha Pus S4 5 Equities Schroder Asian Income Maximiser S4 4 Equities

42 Schroder Git & Fixed Interest S1 3 Gits % Schroder Git & Fixed Interest S3 3 Gits % Schroder Git & Fixed Interest S4 3 Gits Schroder Goba Cities Rea Estate S4 5 Property Schroder Goba Equity Income S4 4 Equities Schroder Income Maximiser S4 4 Equities Schroder Managed Baanced S % Schroder Managed Baanced S % Schroder Managed Baanced S Schroder Tokyo S4 5 Equities Schroder UK Apha Pus S4 4 Equities Schroder US Mid Cap S4 5 Equities SEI Goba Muti Asset Income S4 3 SEI Strategic Portfoios Aggressive S4 4 SEI Strategic Portfoios Baanced S4 3 SEI Strategic Portfoios Conservative S4 2 SEI Strategic Portfoios Core S4 3 SEI Strategic Portfoios Defensive S4 2 SEI Strategic Portfoios Growth S4 4 SEI Strategic Portfoios Moderate S4 2, Speciaist/Other, Speciaist/Other, Speciaist/Other, Speciaist/Other, Speciaist/Other, Speciaist/Other, Speciaist/Other, Speciaist/Other Singe With Profit 1 S5 2 With-Profits % South East Asian Equity (NU) 5 Equities % South East Asian Equity S1 5 Equities % South East Asian Equity S2 5 Equities % South East Asian Equity S3 5 Equities % South East Asian Equity S4 5 Equities Standard Life Goba Absoute Return Strategies S4 3 Speciaist/Other

43 Standard Life UK Equity High Income S4 4 Equities Stewart Investors Asia Pacific Leaders S4 5 Equities Stewart Investors Goba Emerging Market Leaders S4 5 Equities Strategic Bond S4 3, Gits, Goba Threadneede European Seect S1 5 Equities % Threadneede European Seect S3 5 Equities % Threadneede European Seect S4 5 Equities Threadneede European Smaer Companies S1 5 Equities % Threadneede European Smaer Companies S3 5 Equities % Threadneede European Smaer Companies S4 5 Equities Threadneede Goba Seect S1 4 Equities % Threadneede Goba Seect S3 4 Equities % Threadneede Goba Seect S4 4 Equities Threadneede Latin America S4 5 Equities Threadneede UK Bond S1 2 Threadneede UK Bond S3 2 Threadneede UK Bond S4 2, Goba, Goba, Goba % % Threadneede UK Equity Income S4 4 Equities UK 1 S5 4 Equities % UK 3 S5 4 Equities % UK Equity (CGU) 4 Equities % UK Equity (CGU) S2 4 Equities % UK Equity (CU) 4 Equities % UK Equity (GA) 4 Equities % UK Equity (NU) 4 Equities % UK Equity Growth (NU) 4 Equities % UK Equity Growth 2 S4 4 Equities

44 UK Equity Growth S1 4 Equities % UK Equity Growth S3 4 Equities % UK Equity Growth S4 4 Equities UK Equity Income (NU) 4 Equities % UK Equity Income 2 S4 4 Equities UK Equity Income S1 4 Equities % UK Equity Income S3 4 Equities % UK Equity Income S4 4 Equities UK Equity S1 4 Equities % UK Equity S2 4 Equities % UK Equity S3 4 Equities % UK Equity S4 4 Equities UK Index Tracking (NU) 4 UK Index Tracking S1 4 UK Index Tracking S2 4 UK Index Tracking S3 4 UK Index Tracking S % % % % UK S5 4 Equities % US Equity (NU) 4 US Equity S1 4 US Equity S2 4 US Equity S3 4 US Equity S % % % % With-Profit (10 Year) Guarantee 1 S4 2 With-Profits With-Profit (5 year) Guarantee 1 S4 2 With-Profits With-Profit (6 year) Guarantee S4 2 With-Profits With-Profit (7 year) Guarantee S4 2 With-Profits

45 With-Profit (8 Year) Guarantee 1 S4 2 With-Profits With-Profit (9 Year) Guarantee 1 S4 2 With-Profits With-Profit (CGU) 2 With-Profits % With-Profit (CGU) S2 2 With-Profits % With-Profit (CU) 2 With-Profits % With-Profit (GA) 2 With-Profits % With-Profit (NU) 2 With-Profits % With-Profit (NU) S2 2 With-Profits % With-Profit 2 (GA) 2 With-Profits % With-Profit 2 S1 2 With-Profits % With-Profit 2 S3 2 With-Profits % With-Profit 2 S4 2 With-Profits With-Profit Guarantee S4 2 With-Profits With-Profit Guaranteed (NU) 2 With-Profits % With-Profit Guaranteed Fund (30/11/09-31/01/11) S4 2 With-Profits With-Profit Infation Protected Guarantee S4 2 With-Profits With-Profit Loyaty (CGU) 2 With-Profits % With-Profit Loyaty (GA) 2 With-Profits % With-Profit S1 2 With-Profits % With-Profit S2 2 With-Profits % With-Profit S3 2 With-Profits % With-Profit S4 2 With-Profits

46 Other investment options If you re a pension customer, you may have access to a range of autoswitching investment options, caed ifestying or phased switching. With these types of auto-switching options, we make most of the investment decisions, so you don t have to. Idea if you don t want to spend much time managing your investments. We have severa investment options avaiabe, depending on the type of pension pan you have. They a have different risk eves, so if you decide to choose one of these options, make sure it s suitabe for your circumstances and the eve of risk you re comfortabe with. You can access guides to these investment options onine at or give us a ca on to ask for a copy (Monday to Friday 8am - 8pm, Saturday 8.30am - 5pm and Sunday 10am - 4pm). Pease note if you have a workpace pension scheme: As we as the options beow, your empoyer may aso offer different investment options specific to their scheme. There s no guarantee these options are the most suitabe for you. For detais of what these investment approaches are, ask your empoyer. If you re unsure if these options are avaiabe under your pan, check your poicy documents. But as a guide, we have isted which products have access to these types of investment options: Low-invovement investment options (there are no investment decisions for you to make) Mixed Investments Drawdown Lifestye approach and Mixed Investments Annuity Lifestye approach Goba Shares Drawdown Lifestye approach and Goba Shares Annuity Lifestye approach Stakehoder Mixed Investments Drawdown Lifestye approach and Stakehoder Mixed Investments Annuity Lifestye approach Avaiabe for the foowing pension pans: Your Company Pension Your Company Stakehoder Pension Your Persona Pension Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan 98 Series Persona and Group Persona Pensions Avaiabe for the foowing pension pans: Your Company Pension Your Company Stakehoder Pension Your Persona Pension Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan 98 Series Persona and Group Persona Pensions If you have one of the foowing pans, you wi automaticay be invested in this approach uness you make your own investment decisions. Your Company Stakehoder Pension Stakehoder Pension Your Aviva (Stakehoder Pension) (SQ poicies) Defined Contribution Scheme Repacement Defined Contribution Scheme Repacement

47 High-invovement investment options (you wi have to make some or a of your investment decisions) Sef-stye Drawdown approach and Sef-stye Annuity approach Phased Switching Drawdown approach and Phased Switching Annuity Choose your own funds Avaiabe for the foowing pension pans: Your Company Pension Avaiabe for the foowing pension pans: Your Company Pension An option avaiabe to a, you can choose from your own range of funds with no auto-switching eement. Your Company Stakehoder Pension Your Company Stakehoder Pension Your Persona Pension Your Persona Pension Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan Miennium Variabe Money Purchase Pan & Variabe Group AVC Pan 98 Series Persona and Group Persona Pensions 98 Series Persona and Group Persona Pensions Defined Contribution Scheme Repacement Defined Contribution Scheme Repacement Persona Pension Stakehoder Pension Your Aviva Your Pension Aviva