| Change Details | |
|---|---|
| Title | Santander Asset Management UK |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 27 February 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Santander Asset Management UK |
| Fund Name | Santander Max 70% Shares Portfolio |
| Type of change | Fund Merger |
| Date merger effective from | 27/02/2026 |
| Date fund suspended | 20/02/2026 |
| Deadline for investors to switch out if appropriate | 11:00 on 20/02/2026 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| Santander Max 70% Shares Portfolio | Santander Atlas Portfolio 5 |
| 3. Merger details | |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new fund? | Yes |
| 4. Investment objectives | |
| Previous objective | To provide capital growth (to grow the value of your investment) with the potential for income over a 5+ year time horizon. The fund will also aim to outperform (after the deduction of fees) the following composite Target Benchmark measured over a rolling 3 year time period: 30% Markit iBoxx Sterling Non-Gilts Index TR, 25% MSCI UK Index TR, 12% MSCI Europe Ex UK Index TR, 10% ICE BofA UK Gilts All Stocks Index TR, 10% MSCI USA Index TR, 6% MSCI Japan Index TR, 4% Sterling Overnight Index Average (SONIA) and 3% MSCI AC Asia Pacific Ex Japan Index TR. It is expected that average outperformance for the fund will typically not be greater than 1% per annum (after the deduction of fees) in excess of the Target Benchmark measured over a rolling 3 year period, although no level of outperformance is guaranteed. |
| New objective | To provide a combination of capital growth (to grow the value of your investment) and income over a 5+ year time horizon. The fund is managed with the aim of staying within a risk profile classification (with volatility parameters) of 5 as set and monitored by an external third party risk rating company. It is not guaranteed that the fund will stay within this risk profile classification at all times. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.65% |
| New AMC | 0.57% |
| Previous TER | 0.67% |
| New TER | 0.79% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Santander Asset Management UK |
| Fund Name | Santander Max 50% Shares Portfolio |
| Type of change | Fund Merger |
| Date merger effective from | 27/02/2026 |
| Date fund suspended | 20/02/2026 |
| Deadline for investors to switch out if appropriate | 11:00 on 20/02/2026 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| Santander Max 50% Shares Portfolio | Santander Atlas Portfolio 4 |
| 3. Merger details | |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new fund? | Yes |
| 4. Investment objectives | |
| Previous objective | To provide capital growth (to grow the value of your investment) with the potential for income over a 5+ year time horizon. The fund will also aim to outperform (after the deduction of fees) the following composite Target Benchmark measured over a rolling 3 year time period: 42.25% Markit iBoxx Sterling Non-Gilts Index TR, 18% MSCI UK Index TR, 15.75% ICE BofA UK Gilts All Stocks Index TR, 7.5% MSCI Europe Ex UK Index TR, 5.5% MSCI USA Index TR, 5% Sterling Overnight Index Average (SONIA), 4% MSCI Japan Index TR and 2% MSCI AC Asia Pacific Ex Japan Index TR. It is expected that average outperformance for the fund will typically not be greater than 0.45% per annum (after the deduction of fees) in excess of the Target Benchmark measured over a rolling 3 year period, although no level of outperformance is guaranteed. |
| New objective | To provide a combination of capital growth (to grow the value of your investment) and income over a 5+ year time horizon. The fund is managed with the aim of staying within a risk profile classification (with volatility parameters) of 4 as set and monitored by an external third party risk rating company. It is not guaranteed that the fund will stay within this risk profile classification at all times. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.55% |
| New AMC | 0.56% |
| Previous TER | 0.57% |
| New TER | 0.77% |