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.

Fund prices information

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’re clarifying how some of our funds are managed. The impacted funds are listed below. There has been no change to the management of the funds or the level of risk within each fund as a result of this.

To help with a better understanding of how the funds work, we have expanded the descriptions of the funds. This clarifies how they’re managed and the benchmark index we use. We use a benchmark index to help decide which investments will be included in the funds. A fund’s benchmark index is used as a standard against which the fund may be compared. Some funds use more than one index.

The funds invest predominately in the shares of companies within their benchmark indices and will invest in a large number of stocks in line with the particular indices.

The shares of companies within the indices are grouped into sectors which share the same characteristics, for example the pharmaceuticals sector or banking sector. The Fund Manager may make small variations in the way the funds are invested across the different sectors compared to the funds’ index or indices. This is to aim for a return in excess of the index or indices, but with a similar level of risk over the long term.

This means that the performance of the funds before the deduction of management charges may fall and rise with the indices.

We believe that managing the funds like this is the most effective way to seek to meet the investment objective of the funds.

The information below includes the previous and expanded descriptions of the fund aim.

You can access more information about the funds from the fund factsheets, accessible via the links further up this page.

Scottish Widows funds Previous aim Expanded aim
  • Scottish Widows UK Equity Pension Fund
  • Scottish Widows UK Equity Life Fund
  • Lloyds TSB Balanced Life Fund
  • Lloyds TSB UK Equity Pension Fund
  • CMMF UK Equity Fund

The fund aims to achieve long-term growth by investing mainly in UK company shares.

The fund invests via the Scottish Widows UK Growth OEIC Fund.

The fund invests via the SWUTM UK Growth OEIC Fund. The UK Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the FTSE All Share Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Scottish Widows European Life Fund
  • Scottish Widows European Pension Fund
  • Lloyds TSB European Growth Life Fund Series 2
  • Lloyds TSB European Pension Fund
  • CMMF Continental European Equity Fund

To achieve long-term growth by investing mainly in continental European company shares.

The fund invests via the Scottish Widows European Growth OEIC Fund.

The fund invests via the SWUTM European Growth OEIC Fund. The European Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI Europe ex UK Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Scottish Widows Global Equity Life Fund
  • Scottish Widows Global Equity Pension Fund
  • Lloyds TSB Worldwide Growth Life Fund Series 2

To achieve long-term growth by investing mainly in company shares in any economic sector in any geographical area including the UK.

The fund invests via the Scottish Widows Global Growth OEIC Fund.

The fund invests via the SWUTM Global Growth OEIC Fund. The Global Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI World Index or the MSCI Emerging Markets Index (the “Indices”). The Fund seeks to deliver performance, before deduction of management fees, in excess of a blended return of the Indices, with a similar level of overall volatility, over the long term. Of the two Indices, the fund will invest almost exclusively in companies that are part of the MSCI World Index. The Fund may only take limited positions away from the Indices. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Scottish Widows Japanese Life Fund
  • Scottish Widows Japan Pension Fund
  • Lloyds TSB Japan Growth Life Fund Series 2
  • CMMF Japanese Equity Fund

To achieve long-term growth investing mainly in Japanese company shares.

The fund invests via the Scottish Widows Japan Growth OEIC Fund.

The fund invests via the SWUTM Japan Growth OEIC Fund. The Japan Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI Japan Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Scottish Widows North American Life Fund
  • Lloyds TSB American Life Fund Series 2
  • Lloyds TSB American Pension Fund
  • CMMF North American Equity Fund

To achieve long-term growth investing mainly in North American company shares.

The fund invests via the Scottish Widows American Growth OEIC Fund.

The fund invests via the SWUTM American Growth OEIC Fund. The American Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the S&P 500 Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Lloyds TSB Pacific Basin Life Fund
  • Lloyds TSB Far Eastern Pension Fund
  • CMMF Far East ex Japan Equity Fund

Aims to provide long-term capital growth from a portfolio of securities in companies based in countries which are situated in the Pacific Basin (excluding Japan).

The fund invests via the SWUTM Pacific Growth OEIC Fund.  The Pacific Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI AC Asia Pacific ex Japan Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index.  This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

Halifax/Clerical Medical Funds Previous aim Expanded aim
  • Halifax Pelican Life Fund
  • Halifax Pelican Pension Fund
  • SWIS UK Growth Life Fund
  • Clerical Medical UK Growth Pension Fund

To achieve capital growth in the long term by investing mainly in U.K. companies.

The fund invests via the Halifax UK Growth OEIC Fund.

The fund invests via the Halifax UK Growth OEIC Fund. The UK Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the FTSE All Share Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Halifax International Growth Life Fund
  • Halifax International Growth Pension Fund
  • SWIS International Growth Life Fund
  • Clerical Medical International Growth Pension Fund

The investment objective of this fund is to achieve capital growth in the long-term by investing in a diversified global portfolio of companies.

The fund invests via the Halifax International Growth OEIC Fund.

The fund invests via the Halifax International Growth OEIC Fund. The International Growth OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI World Index or the MSCI Emerging Markets Index (the “Indices”). The Fund seeks to deliver performance, before deduction of management fees, in excess of a blended return of the Indices, with a similar level of overall volatility, over the long term. Of the two Indices, the fund will invest almost exclusively in companies that are part of the MSCI World Index. The Fund may only take limited positions away from these Indices.  This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index.  These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics.  Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Halifax North American Life Fund
  • Halifax North American Pension Fund
  • SWIS North American Life Fund
  • Clerical Medical North American Pension Fund

To achieve capital growth in the long term by investing mainly in North American Companies.

The fund invests via the Halifax North American OEIC Fund.

The fund invests via the Halifax North American OEIC Fund. The North American OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the S&P 500 Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index.  This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index.  These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics.  Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Halifax European Life Fund
  • Halifax European Pension Fund
  • SWIS European Life Fund
  • Clerical Medical European Pension Fund

To achieve capital growth in the long term by investing mainly in European companies excluding the U.K.

The fund invests via the Halifax European OEIC Fund.

The fund invests via the Halifax European OEIC Fund. The European OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI Europe ex UK Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index.  This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index.  These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics.  Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Halifax Far Eastern Life Fund
  • Halifax Far Eastern Pension Fund
  • SWIS Far Eastern Life Fund
  • Clerical Medical Far Eastern Pension Fund

To achieve long term capital growth by investing mainly in Far Eastern companies (excluding Japanese companies).

The fund invests via the Halifax Far Eastern OEIC Fund.

The fund invests via the Halifax Far Eastern OEIC Fund. The Far Eastern OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI AC Asia Pacific ex Japan Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index.  This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index.  These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics.  Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Halifax Japanese Life Fund
  • Halifax Japanese Pension Fund
  • SWIS Japanese Life Fund
  • Clerical Medical Japanese Pension Fund

To maximise total returns from investments in a broad range of Japanese companies.

The fund invests via the Halifax Japanese OEIC Fund.

The fund invests via the Halifax Japanese OEIC Fund. The Japanese OEIC Fund aim is:

To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the MSCI Japan Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index.  This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index.  These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight).

* A sector is a business area, industry or economy which shares the same characteristics.  Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

  • Halifax High Income Life Fund
  • Halifax High Income Pension Fund
  • SWIS UK Equity Income Life Fund
  • Clerical Medical UK Equity Income Pension Fund

The investment objective of this fund is to provide an above average income, together with prospects for capital appreciation over the longer term, delivered mainly from a portfolio of securities in UK companies.

The fund invests via the Halifax UK Equity Income OEIC Fund.

The fund invests via the Halifax UK Equity Income OEIC Fund. The UK Equity Income OEIC Fund aim is:

To provide above average income, along with potential long term capital growth by investing predominantly in a portfolio of companies which are part of the FTSE All Share Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term.

Companies will be selected which have the potential to provide higher than average dividend yields* and to achieve long term capital growth. The Fund seeks to hold more in these companies in comparison to the Index. Therefore, while the Fund will invest in a large number of companies in common with the Index, the amount held in any one company may be significantly different to the Index.

The Fund is limited in the extent to which it can hold more (overweight) or less (underweight) in sectors** relative to the Index, but it aims to hold more in sectors which are expected to provide a higher than average dividend yield.

* The dividend yield is calculated by dividing the annual dividend paid in respect of a share by its share price.

** A sector is a business area, industry or economy which shares the same characteristics.  Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.

At Scottish Widows, we regularly review the funds we offer. We've decided to close some funds within our Scottish Widows life and pension range.

The funds, listed below, will be closing to new business on the 30th of June 2017. We'll move customers to defaults on the 10th of October 2017. The funds will close on the 12th October 2017.

Life funds

  • SW Fidelity Japan Life Fund
  • SW Fidelity Multi Asset Strategic Life Fund
  • SW Henderson UK Alpha Life Fund
  • SW Investec Global Free Enterprise Life Fund (previously the SW Investec Global Strategic Equity Fund)
  • SW JPM Managed Life Fund
  • SW Newton Growth Fund (previously the SW Newton UK Equity Fund)
  • SW Newton Managed Income Life Fund
  • SW Newton Oriental Life Fund
  • SW Schroder European Alpha Plus Life Fund

Pension funds

  • SW Baillie Gifford 60:40 Worldwide Equity Pension Fund
  • SW BlackRock UK Absolute Alpha Pension Fund
  • SW Fidelity Japan Pension Fund
  • SW Fidelity Multi Asset Strategic Pension Fund
  • SW Henderson UK Alpha Fund
  • SW Investec Global Free Enterprise Pension Fund (previously the SW Investec Global Strategic Equity Fund)
  • SW JPM Managed Pension Fund
  • SW Newton 50:50 Global Equity Fund
  • SW Newton Managed Income Pension Fund
  • SW Newton Oriental Pension Fund
  • SW Newton UK Equity Pension Fund
  • SW Schroder European Alpha Plus Pension Fund
  • SW SSgA Sterling Liquidity Pension Fund

On 14 May 2017 we changed a number of our Scottish Widows and Clerical Medical life and pension fund names. For the majority of the fund 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. However, following a performance review, we have decided to change the investment of the CM Newton Oriental Fund to fully invest in the Veritas Asian Fund, which is managed by Veritas Asset Management. As a result of this change, the fund you are invested in will be renamed the CM Veritas Asian Fund.

The changes are as follows:

Old fund name New fund name

SW Schroder Global Securities Real Estate Fund

SW Schroder Global Cities Real Estate Fund

CM Schroder Global Securities Real Estate Fund

CM Schroder Global Cities Real Estate Fund

SW JPM Cautious Managed Fund

SW JPM Global Macro Balanced Fund

SW SSgA Diversified Beta Fund

SW SSgA Strategic Diversified Fund

CM  Newton Oriental Fund

CM Veritas Asian Fund

SW  Fidelity UK Growth Fund

SW Fidelity 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.

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.


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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