Fund prices, charges and updates

We update our fund prices each working day. Choose one of the following options to see the current fund prices available in that category. For most funds, you can also view or download factsheets, including past performance, by selecting the fund information icon.

Check fund prices for:

Pension funds

Fund prices for all Scottish Widows pension fund series and existing customers invested in Halifax pension products.

Life funds

These life funds are available to existing customers who are already invested in either a Scottish Widows life product or a Halifax life product.

OEIC and ISA funds

These OEIC and ISA funds are available to existing customers who already hold shares in the funds listed, including Halifax OEIC and ISA customers.

Clerical Medical

For information on Clerical Medical funds and prices please visit the Clerical Medical website.

JP Morgan GBP Index – Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2016, J.P. Morgan Chase & Co. All rights reserved.

Fund updates

Monthly investment update:

Monthly Investment Update (pdf 1.91 MB) gives current information about all our funds, including launch date, size of fund, performance figures, as well as updates on world markets.

For information on Scottish Widows’ investment approaches, including which funds are currently listed under each investment approach, and to see what changes have been made in past reviews, visit our Investment approaches section.

Changes to our funds

We have changed the way the Scottish Widows Consensus Fund is managed. This change affects its fund aim, but there is no change to the risk profile of the fund, and customers do not need to take any action.

The asset allocation of the Scottish Widows Consensus funds was previously directed by the CAPS Pooled Pension Survey, which was provided by BNY Mellon. BNY Mellon has stopped providing this survey. As a result, the Scottish Widows Consensus fund will now be managed using a composite benchmark made up of Equity, Bonds, Property and Commodities.

We are writing to all customers invested in this fund to explain the situation. Customers who believe that the fund remains right for them and continues to meet their investment needs don’t need to do anything. However, if any customers feel this fund no longer meets their investment needs, they can switch out of the fund for no charge.

The old and new fund aims are as follows:


Old Aim New Aim

The fund aims to achieve long-term growth by investing in a balanced portfolio of UK and overseas shares, fixed-interest stocks, index-linked stocks and cash deposits. Investment in these assets is made through a range of index-tracking funds, or where appropriate, through direct investment, again on an index-tracking basis. The percentage of the fund invested in each asset class will be based on the average amount invested in each class in accordance with a benchmark of UK balanced funds.

The fund aims to achieve long-term growth by investing in a balanced portfolio of UK and overseas shares, fixed-interest stocks, index-linked stocks, property, commodities and cash deposits. Investment in these assets is made through a range of index-tracking funds, or where appropriate, through direct investment, again on an index-tracking basis.

Scottish Widows is committed to maintaining a broad range of high quality, innovative and cost-effective investment solutions for our customers. From 14th November 2016 we have introduced 21 new funds to our Scottish Widows fund ranges for most of our pension and life products to give our customers more choice.

We are adding exciting new options from leading fund managers after thoroughly researching the market. These include more multi-asset and absolute return funds, which have become increasingly popular with customers, and also some relatively new types of funds which invest in innovative ways. In addition, we are adding award-winning funds from more traditional sectors, run by some of the most respected managers in the industry.

These new funds have been chosen following a detailed review of the market by our experienced Fund Manager Assessment team. We monitor and review our fund ranges, and aim to make suitable changes to meet our customers’ evolving needs and keep up with significant new developments. These fund launches are therefore part of our long term commitment to provide what we see as the very best investment solutions for our customers.

Fund Name Investment Approach

SW Allianz European Equity Dividend Fund

Adventurous

SW Artemis US Select Fund

Adventurous

SW Aviva Investors High Yield Bond Fund

Progressive

SW Aviva Investors Multi-Strategy ('AIMS') Target Income Fund

Balanced

SW Aviva Investors Strategic Bond Fund

Balanced

SW Baillie Gifford Multi Asset Growth Fund

Balanced

Scottish Widows Fundamental Index Emerging Markets Equity Fund

Specialist

Scottish Widows Fundamental Index Global Equity Fund

Adventurous

Scottish Widows Fundamental Index UK Equity Fund

Adventurous

Scottish Widows Fundamental Low Volatility Index Emerging Markets Equity Fund

Specialist

Scottish Widows Fundamental Low Volatility Index Global Equity Fund

Adventurous

Scottish Widows Fundamental Low Volatility Index UK Equity Fund

Adventurous

SW Insight Global Absolute Return Fund

Balanced

SW Investec Diversified Growth Fund

Balanced

SW Liontrust UK Smaller Companies Fund

Adventurous

SW Nordea 1-GBP Diversified Return Fund

Progressive

SW Payden Absolute Return Bond Fund

Balanced

SW Royal London UK Equity Income Fund

Adventurous

SW Threadneedle UK Social Bond Fund

Cautious

SW Veritas Asian Fund

Specialist

SW Woodford Equity Income Fund

Adventurous

You can find out more on the funds’ investment approaches in our fund guides.

Alternatively you can obtain more information from a financial adviser. If you don’t have your own financial adviser, you can find one by visiting www.unbiased.co.uk Please note that you may be charged for advice provided.

The value of your investment and any income from it is not guaranteed and can go down as well as up. You may not get back the original amount you invested.

Following the EU Referendum outcome there was uncertainty surrounding the property market, and this has had implications for funds which invest in property. Some funds were temporarily suspended, and a number were re-valued to more accurately reflect the reduced values of their property holdings (known as a 'fair value adjustment' or FVA). The updated position on funds in our range is as follows:

In early September we removed FVAs from all our funds which invest in property.

The SW Henderson UK Property fund was suspended in July following Henderson’s decision to suspend their underlying fund. Henderson have announced that they are planning to lift the suspension on their underlying fund on 14 October 2016. In that event, we intend to lift the suspensions on the SW Henderson UK Property life and pensions funds on the same date.

For more details, please read our full announcements on the Scottish Widows EU Referendum property page.

Fund name changes

On 15 August 2016 we changed a number of our Scottish Widows and Clerical Medical life and pension fund names. This was because some of our Investment Partners have changed the names of funds which we link to through the Scottish Widows and Clerical Medical life and pension fund ranges.

The changes are as follows:

Old fund name (for both life and pension versions of the fund) New fund name (from 15 August 2016) Further information

SW Schroder Global Property Securities Fund

SW Schroder Global Real Estate Securities Fund

The underlying fund, the Schroder Global Property Securities Fund, has been renamed as the Schroder Global Real Estate Securities Fund.

CM Schroder Global Property Securities Fund

CM Schroder Global Real Estate Securities Fund

The underlying fund, the Schroder Global Property Securities Fund, has been renamed as the Schroder Global Real Estate Securities Fund.

SW Fidelity South East Asia

SW Fidelity Asia

The underlying fund, the Fidelity South East Asia Fund, has been renamed as the Fidelity Asia Fund.

CM Fidelity South East Asia

CM Fidelity Asia

The underlying fund, the Fidelity South East Asia Fund, has been renamed as the Fidelity Asia Fund.

CM Invesco Perpetual UK Aggressive Fund

CM Invesco Perpetual UK Focus Fund

The underlying fund, the Invesco Perpetual UK Aggressive Fund, has been renamed as the Invesco Perpetual UK Focus Fund.

SW Artemis UK Growth

SW Artemis UK Select

The underlying fund, the Artemis UK Growth Fund, has been renamed as the Artemis UK Select Fund.

Customers do not need to do anything, but please note that when searching for up to date factsheets you will now need to use the new fund name. For further details, factsheets can be viewed online using the links for Pension Funds and Life Funds located towards the top of this webpage.

As part of our fund management activity, we regularly review the funds we offer. Following a recent review, we’ve decided to close a selection of funds within our SWIS Life and Clerical Medical Pension fund ranges.

The following funds closed to new business on 19 February 2016.

Scottish Widows Investment Solutions (SWIS) Life funds:

  • SWIS European Special Situations
  • SWIS US Strategic
  • SWIS Target Income
  • SWIS Emerging Markets Focus
  • SWIS European Focus
  • SWIS Far East Focus
  • SWIS Japanese Focus
  • SWIS UK Focus
  • SWIS UK High Income
  • SWIS UK Smaller Companies Alpha
  • SWIS UK Strategic
  • SWIS US Focus
  • SWIS European Strategic

Please note: the Scottish Widows Investment Solutions (SWIS) Funds are provided by Clerical Medical, and marketed, administered and sold by Scottish Widows Limited. Prior to December 2010 the SWIS funds were known as the Clerical Medical Investment Solutions (CMIS) funds.

Clerical Medical Pension funds:

  • European Special Situations
  • US Strategic
  • Target Income
  • Emerging Market Focus
  • European Focus
  • Far East Focus
  • Japanese Focus
  • UK Focus
  • UK High Income
  • UK Smaller Companies Alpha
  • UK Strategic
  • US Focus
  • European Strategic

Please note: If you already have a Clerical Medical individual pension you can still add to it, but not to the closing fund(s), or make changes to how your plan is invested. However, Clerical Medical individual pensions are no longer open to new investors. Regular premiums will continue into the closing fund until it closes and will then automatically transfer to the alternative fund. The affected funds closed on 24 May 2016.

Scottish Widows pension funds are not affected.

We are pleased to introduce our new Premier Pension Portfolio Fund range (Premier range), which builds on our well-established original range of Pension Investment Approaches (PIA) and Governed Investment Strategies (GIS) lifestyling options and Pension Portfolio Funds.

The differences between our original range and Premier range is all about cost, the number and types of investment we use, and the level of potential return that we believe could be generated.

The Premier Pension Portfolio Funds have higher annual charges than our original versions, but this gives them more scope to potentially generate better returns for broadly similar levels of risk.

Our new Premier PIA (PPIA) and Premier GIS (PGIS) options have the same structure as our existing, passively-managed PIA and GIS lifestyling propositions:

Three risk categories (Cautious, Balanced, Adventurous) and three retirement outcomes (Targeting Annuity, Targeting Encashment, Targeting Flexible Access).

A glidepath design that gradually 'de-risks' from 15 years to the customer's selected retirement date.

A blend of underlying funds to achieve the selected asset mixes at different stages of lifestyling.

In addition to the PPIA and PGIS lifestyling options, our new Premier Pension Portfolio Funds are all available as stand-alone investment choices for individual and corporate pension products.

Full details of our PPIA and PGIS lifestyling options can be found in the Scottish Widows Premier Lifestyling Options guide. For details of the Premier Pension Portfolio Funds as standalone investments, please see the Scottish Widows Premier Pension Portfolio Funds guide

On 23 November 2015 we changed a number of our Scottish Widows and Clerical Medical life and pension fund names. This was because some of our Investment Partners have changed the names of funds which we link to through the Scottish Widows and Clerical Medical life and pension fund ranges.

The changes are as follows:

Old fund name (for both life and pension versions of the fund) New fund name (from 23 November 2015) Further information

CM Invesco Perpetual Emerging Countries Life and Pension Funds

CM Invesco Perpetual Global Emerging Markets Life and Pension Funds

This fund was previously known as the CM Invesco Perpetual Emerging Countries Fund. The underlying fund, the Invesco Perpetual Emerging Countries Fund, has been renamed as the Invesco Perpetual Global Emerging Markets Fund.

CM Newton Global Higher Income Life and Pension Funds

CM Newton Global Income Life and Pension Funds

Further information: This fund was previously known as the CM Newton Global Higher Income Fund. The underlying fund, the Newton Global Higher Income Fund, has been renamed as the Newton Global Income Fund.

SW Newton Global Higher Income Pension Fund

SW Newton Global Income Pension Fund

This fund was previously known as the SW Newton Global Higher Income Fund. The underlying fund, the Newton Global Higher Income Fund, has been renamed as the Newton Global Income Fund.

CM Newton Higher Income Life and Pension Funds

CM Newton UK Income Life and Pension Funds

This fund was previously known as the CM Newton Higher Income Fund. The underlying fund, the Newton Higher Income Fund, has been renamed as the Newton UK Income Fund.

SW Newton Higher Income Life and Pension Funds

SW Newton UK Income Life and Pension Funds

This fund was previously known as the SW Newton Higher Income Fund. The underlying fund, the Newton Higher Income Fund, has been renamed as the Newton UK Income Fund.

Funds closing to new business only on 23 November 2015

  • SW Investec American Life and Pension Funds
  • SW Jupiter Undervalued Assets Life and Pension Funds

Further information:

These funds are no longer available for new investment and we are therefore no longer marketing them to new investors.

Customers do not need to do anything, but please note that when searching for up to date factsheets you will now need to use the new fund name. For further details, factsheets can be viewed online using the links for Pension Funds and Life Funds located towards the top of this webpage. Fund guides will be updated in due course to reflect the new fund names.

On 17 August 2015 we changed a number of our Scottish Widows and Clerical Medical life and pension fund names. This was because some of our Investment Partners have changed the names of funds which we link to through the Scottish Widows and Clerical Medical life and pension fund ranges.

The changes are as follows:

Old fund name (for both life and pension versions of the fund) New fund name (from 17 August 2015) Further information

SW Investec Global Free Enterprise

SW Investec Global Strategic Equity

The underlying fund, the Investec Global Free Enterprise Fund, has been renamed as the Investec Global Strategic Equity Fund.

SW Fidelity International

SW Fidelity Open World

The underlying fund, the Fidelity International fund, has been merged into the Fidelity Open World fund. Please note that this fund is not available for new investment.

CM Schroder Global Climate Change

CM Schroder QEP Global Core

The underlying fund, the Schroder Global Climate Change Fund, has been renamed as the Schroder QEP Global Core Fund.

CM Newton Balanced

CM Newton Multi-Asset Balanced

The underlying fund, the Newton Balanced fund, has been renamed as the Newton Multi-Asset Balanced fund.

CM Newton Managed

CM Newton Multi-Asset Growth

The underlying fund, the Newton Managed fund, has been renamed as the Newton Multi-Asset Growth fund.

CM Newton Phoenix

CM Newton Multi-Asset Diversified Return

The underlying fund, the Newton Phoenix Multi-Asset fund, has been renamed as the Newton Multi-Asset Diversified Return fund.

Customers do not need to do anything, but please note that when searching for up to date factsheets you will now need to use the new fund name. For further details, factsheets can be viewed online using the links for Pension Funds and Life Funds located towards the top of this webpage. Fund guides will be updated in due course to reflect the new fund names.

Changes to pensions

Background

Changes introduced from April 2015 allow you greater flexibility in how you can take benefits from your pension pot. Investors in UK pensions now have three ways to use their pension pot at age 55 or above to provide for their retirement. You could choose one or more of the following:

  • Annuity Purchase – buying one or more annuities to provide a regular and secure income for life
  • Pension Encashment – taking all (or part of) a pension pot as a cash lump sum, 25% of which will be tax-free with the remainder subject to tax
  • Flexible Access – adopting a flexible approach by using a suitable product to keep a pension pot invested and then taking income as it is needed or lump sums as they are needed.

Scottish Widows has conducted significant customer research and worked with independent research specialists Moody's Analytics to identify how we can help meet our customers' needs in this new pensions environment.

What are we changing?

We've introduced new options to our existing Pension Investment Approach (PIA) and Governed Investment Strategy (GIS) risk categories, to take account of the retirement choices available to you.

We now offer three different 'retirement outcomes', designed to prepare your pension investment in its last five years for whichever retirement choice you expect to make. In addition to the original retirement outcome designed for those planning to buy an annuity, we have added a 2nd outcome for those who plan to encash their fund, and a 3rd outcome for customers who will want flexible access and plan to move into a suitable product so they can stay invested.

This means that you have two selections to make when you make your investment choice:

  • The level of risk you are comfortable with – Adventurous, Balanced or Cautious
  • The type of retirement outcome you currently believe you will want when you retire – Targeting Annuity, Targeting Encashment or Targeting Flexible Access.

The table below shows the new options in full:

Adventurous risk category Balanced risk category Cautious risk category

Adventurous (Targeting Annuity)

Balanced (Targeting Annuity)

Cautious (Targeting Annuity)

Adventurous (Targeting Encashment)

Balanced (Targeting Encashment)

Cautious (Targeting Encashment)

Adventurous (Targeting Flexible Access)

Balanced (Targeting Flexible Access)

Cautious (Targeting Flexible Access)

Lifestyle Switching Explained

Our PIA and GIS risk categories all work in a similar way: the difference between them is how much investment risk they take in trying to help your pension fund grow. In the earlier years, more of your money is invested in equities to increase the potential for growth. We then begin to gradually reduce your exposure to risk once you are 15 years from your selected retirement date. Although this has the effect of reducing the potential for growth, it aims to help protect what you've built up during the run-up to your selected retirement date.

Until five years from retirement the 'investment glidepath' for your selected risk category is the same, regardless of which

retirement outcome you are targeting. In the final five years leading up to your selected retirement date your investment will gradually move into one of three carefully selected packages of lower-risk investments. These are different for each retirement outcome, tailored to suit whichever one you have chosen.

The graph below demonstrates how this works, showing a typical 'investment glidepath'. Please note that this graph indicates how the overall level of risk changes at different stages, not the likely performance of an investment.

Investment glidepath graphic

The value of an investment is not guaranteed and may go up and down depending on investment performance (and currency exchange rates where a fund invests overseas). You may get back less than your original investment. In addition any income from shares in an OEIC or ISA fund can go down as well as up. Past performance is not a reliable indicator of future results.

Please note that not all of our funds are available for every product or contract.


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