OEICs

OEICs in detail

• Features
• Investment options
• Key reading
• Risks

Features

• Invest a single payment or monthly payments
  • Invest in most of our OEIC funds with a single payment of £1,000 or more
  • Or make monthly payments, starting from £50 a month
• If you want to help protect your investment from tax, you can also choose to invest in most of our OEIC funds through an ISA
• Receive regular statements and have the ability to monitor performance online or by telephone
• Option to invest on behalf of your children. When the child reaches the age of 18 the child can then hold the investment in their own right.

Investment options

Single or monthly payments?

When you invest in a Scottish Widows OEIC fund, you will be allocated a number of shares. You choose either to make a single payment or monthly payments.

If you invest by single payment, you can choose either Income shares (which could provide you with a regular pay-out of income), or Accumulation shares (any income earned by the shares is kept in the fund to accumulate. The fund price then reflects the fact that this income is automatically reinvested. If you’re investing for income, you should consider funds offering ‘income shares’ instead).

If you decide to invest monthly, only Accumulation shares are available.

Funds available

We offer a variety of OEIC funds, including UK and overseas funds, multi-manager and specialist funds. Our range of funds include exposure to different asset classes such as Cash, Bonds, Property and Equities.

Below is a list of the OEIC funds currently offered by Scottish Widows.

Please note: We may change the selection of funds we make available. OEICs are also known as Investment Companies with Variable Capital (ICVCs)

Managed Investment Funds ICVC

Overseas Growth Investment Funds ICVC

Tracker and Specialist Investment Funds ICVC

UK and Income Investment Funds ICVC

Investment Solutions Funds ICVC

Income and Growth Funds ICVC

Key reading

• Key features including a Simplified Prospectus of the Scottish Widows OEIC and ISA funds

Risks

• The value of your OEIC, and any income from it, is not guaranteed and can go up and down depending on investment performance (and currency exchange rate changes where a fund invests overseas). You may not get back the original amount you invested
• The benefits of the tax advantages depend on your personal circumstances
• Tax rules can change
• ISA managers cannot reclaim the 10% tax credit on UK equity dividends
• Funds within an OEIC are not ring-fenced from each other in the unlikely event of counterparty default, although each may have a different risk profile.

Need further information?

View our FAQs or contact us.

Not for you?

See our other investment products.