OEIC AND ISA FUNDS – INVESTMENT DOCUMENTATION
Key Investor Information Documents (KIIDs) provide a summary of the key information relating to individual funds, including the risks. They have a standard format so it’s easier for you to compare different funds and they are updated regularly. Each KIID shows the date it was created and the latest version can always be accessed from these pages. You can also access the Supplementary Investor Information Documents (SIIDs) from these pages. They are designed to be read alongside the relevant KIID and together they summarise important information about the OEIC and ISA products and funds in our range. If you are invested through one of our ISAs, the SIID also contains the Terms and Conditions for this.
You can also access the Prospectuses – these are legal documents that contain information about the make-up of your funds, how they’re invested, the risks involved, details about the fund manager, fees and expenses and other information to help you make an informed choice about your investment.
What do you need to do?
If you want to start investing in an OEIC or ISA, add to your investment or move money between funds you need to:
- read the latest version of the KIID for the fund you’re considering investing in – these can be accessed via the links below
- sign or make a declaration to confirm you have read and kept a copy of the latest version of the KIID – within the relevant application, switch, or top-up form or by completing either the Scottish Widows Unit Trust Managers declaration form or the HBOS Investment Fund Managers declaration form. We won’t be able to process a cheque or instruction without that confirmation
- send us your instruction and cheque (where applicable) with the completed form. You must complete an application form if you are investing in an OEIC or ISA product for the first time. If you already hold an ISA with us and have not invested into your ISA since the beginning of the previous tax year, you will need to complete an ISA application form.
Please note: For ISA investments, a different set of ISA Terms & Conditions (T&Cs) applies to the Scottish Widows OEIC and ISA Funds and the Scottish Widows Income & Growth Funds – you must accept these new T&Cs as part of your application to invest into these funds.
Here you can access the latest KIIDs, SIIDs, prospectuses and forms relevant to your investment:
For new and existing Scottish Widows OEIC or ISA customers – a list of the funds and share classes available for you to invest in, top-up or switch into
For existing Halifax OEIC or ISA customers – a list of the funds and share classes available for you to invest in, top-up or switch into
For existing Scottish Widows UK Tracker Fund ISA customers
Documentation for the funds previously managed by Scottish Widows Investment Partnership (SWIP) that were transferred to SWUTM in November 2014
If you want to top-up or switch funds, there are a number of ways to do this.
Customers with a Lloyds Banking Group (LBG) bank account: If you wish to put money into your investment from an LBG account, you can do this over the phone by speaking to one of our consultants, Monday to Friday between 8am and 6pm. Bank accounts with LBG are those with either Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows Bank or Birmingham Midshires.
If you have an OEIC or ISA please call: 0345 300 2244.
Customers with non LBG accounts: Please write to us with your request, using the details in the ‘Write to us’ section.
A few things to consider:
- Please read the Key Investor Information Document (KIID) for your chosen fund prior to requesting to change funds or top-up your investment. In addition, please read the Supplementary Investor Information Document (SIID), together with the relevant ISA terms and conditions if you have an ISA product, which are designed to be read alongside the relevant Key Investor Information documents (KIID). Together, they summarise important information about the funds that are currently available for you to invest in through your OEIC or ISA, and provide answers to some important questions. We will not be able to process your top-up or switch until you are able to confirm that you have read and kept a copy of the latest KIID.
- When calling us please make sure you have your account number to hand.
- In order to meet Anti Money Laundering requirements we may need documentary evidence to complete your request. If this applies, our agent will confirm what additional information you need to provide.
Write to us
Our address is:
15 Dalkeith Road
Edinburgh, EH16 5BU
As well as your full name & address and your account number, in your letter please include the following:
- Details of the fund(s) you would like to top-up or switch into and the amount.
- Signature or make a declaration to confirm you have read the latest version of the Key Investor Information Document (KIID).
- Confirmation that you have a printed copy of the KIID, or saved an electronic version of the document.
- Your instruction and cheque (where applicable) with the completed form. If we don’t have a completed form we will have to return any cheques or instructions we receive.
How long will it take?
Switches – Once we have all the information needed, your request to change investment funds can take up to 5 working days to be processed. It may take up to a further 5 working days for you to receive written confirmation.
Top-ups – Once we have all the information needed, your top up request can take up to 5 working days to be processed. It may take up to a further 5 working days for you to receive written confirmation.
What is an OEIC?
An OEIC is an Open Ended Investment Company, also known as an Investment Company with Variable Capital (ICVC). These are known as open ended investments because they expand and contract by issuing or cancelling shares depending on demand. The Scottish Widows OEIC funds are sub funds within Scottish Widows OEICs. These funds are collective investment schemes which mean your money is pooled with that of other investors and invested in a spread of different assets.
What is an Individual Savings Account (ISA)?
An ISA is an investment vehicle designed to encourage people to invest for the future. ISAs qualify for exemption from personal taxation under the ISA regulations which means you can currently invest in OEIC funds through an ISA and not have any personal liability to tax on any income or capital gains.