| Change Details | |
|---|---|
| Title | Columbia Threadneedle Fund Management Ltd |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited, Quilter Investment Platform Limited |
| Effective Date | 31 July 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Columbia Threadneedle Fund Management Ltd |
| Fund Name | CT MM Lifestyle 3 |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 31 July 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| CT MM Lifestyle 3 | CT Multi-Manager Universal Defensive |
| 3. Investment objectives | |
| Previous objective | To deliver capital growth with some income over the long term (at least 5 years) by investing at least 70% in collective investment schemes (which may include schemes operated by the ACD or an associate of the ACD) to obtain indirect exposure to a wide range of asset classes. The investment manager uses a strategic asset allocation model that is matched to a specific target risk and volatility band (the volatility band is supplied by external provider). However, the fund remains actively managed and the allocation to particular asset classes or geographies may vary over time at the investment manager's discretion. To reflect the risk profile of the fund, more than half of the fund's exposure through collective investment schemes will be to bonds and cash. The fund will obtain exposure mainly to a combination of UK corporate and government bonds, as well as global corporate, high yield and emerging market bonds. The remaining exposure will be to a range of UK and global shares and to property. |
| New objective | To provide growth, combining capital and income, consistent with a defensive risk and volatility profile, over the long term (5 years or more). The fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD), which provide indirect exposure to a range of global asset classes. The fund is actively managed, and the lnvestment Manager is not constrained by any particular asset allocation in respect of geography, industry or sector. By investing in a portfolio of funds, rather than individual securities, the lnvestment Manager is able to achieve diversification across multiple fund managers, investment strategies, and asset classes. Through an extensive fund selection process, the lnvestment Manager believes it can identify active fund managers with the ability to generate strong risk-adjusted returns. The lnvestment Manager uses a proprietary Strategic Asset Allocation model, which determines the appropriate combination of investments to ensure the fund remains consistent with a defensive risk and volatility profile. Through the application of this model, the fund expects to maintain a volatility range of between 4% - 6% over rolling 10 year periods, by varying the weighting of asset types. This is the expected volatility that the fund is managed to using internal models, and is expected to be the volatility that is observed over the long term, though may be different as market dynamics change. To reflect the risk and volatility profile, the fund will typically maintain an exposure to equities (through collective investment schemes) between 10% - 50% of the value of the portfolio. The remaining exposure will be to government and corporate bonds, including high yield and emerging market bonds, and alternative assets. Alternative assets may include funds that use absolute return strategies or funds that invest indirectly in real estate, listed infrastructure, and commodities. |
| 4. Change to charging structure | |
| Unbundled Fund -U | |
| Previous AMC | 0.50% |
| New AMC | 0.29% |
| Previous TER | 0.99% |
| New TER | 0.65% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.40% |
| New AMC | 0.24% |
| Previous TER | 0.82% |
| New TER | 0.60% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Columbia Threadneedle Fund Management Ltd |
| Fund Name | CT MM Lifestyle 4 |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 31 July 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| CT MM Lifestyle 4 | CT Multi-Manager Universal Cautious |
| 3. Investment objectives | |
| Previous objective | To deliver capital growth with some income over the long term (at least 5 years) by investing at least 70% in collective investment schemes (which may include schemes operated by the ACD or an associate of the ACD) to obtain indirect exposure to a wide range of asset classes. The investment manager uses a strategic asset allocation model that is matched to a specific target risk and volatility band (the volatility band is supplied by external provider). However, the fund remains actively managed and the allocation to particular asset classes or geographies may vary over time at the investment manager's discretion. To reflect the risk profile of the fund, around 80% of the fund's exposure through collective investment schemes will divided between shares and bonds. The fund's share exposure will be to UK and global shares. The bond exposure will be to UK corporate and government bonds, as well as global corporate, high yield and emerging market bonds. The remaining exposure will be to property and cash. |
| New objective | To provide growth, combining capital and income, consistent with a cautious risk and volatility profile, over the long term (5 years or more). The fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD), which provide indirect exposure to a range of global asset classes. The fund is actively managed, and the lnvestment Manager is not constrained by any particular asset allocation in respect of geography, industry or sector. By investing in a portfolio of funds, rather than individual securities, the lnvestment Manager is able to achieve diversification across multiple fund managers, investment strategies, and asset classes. Through an extensive fund selection process, the lnvestment Manager believes it can identify active fund managers with the ability to generate strong risk-adjusted returns. The lnvestment Manager uses a proprietary Strategic Asset Allocation model, which determines the appropriate combination of investments to ensure the Fund remains consistent with a cautious risk and volatility profile. Through the application of this model, the fund expects to maintain a volatility range of between 6% - 8%over rolling 10 year periods, by varying the weighting of the asset types. This is the expected volatility that the fund is managed to using internal models, and is expected to be the volatility that is observed over the long term, though may be different as market dynamics change. To reflect the risk and volatility profile, the fund will typically maintain an exposure to equities (through collective investment schemes) between 20% - 60% of the value of the portfolio. The remaining exposure will be to government and corporate bonds, including high yield and emerging market bonds, and alternative assets. Alternative assets may include funds that use absolute return strategies or funds that invest indirectly in real estate, listed infrastructure, and commodities. |
| 4. Change to charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.29% |
| Previous TER | 1.99% |
| New TER | 1.65% |
| Current Trail Commission (Charge Basis 1) | 0.50% |
| New Trail Commission (Charge Basis 1) | 0.35% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount (Charge Basis 2) | 0.35% |
| Previous Reimbursed Rebate Rate (Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.65% |
| Unbundled Fund -U | |
| Previous AMC | 0.50% |
| New AMC | 0.29% |
| Previous TER | 0.99% |
| New TER | 0.65% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.40% |
| New AMC | 0.24% |
| Previous TER | 0.77% |
| New TER | 0.60% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Columbia Threadneedle Fund Management Ltd |
| Fund Name | CT MM Lifestyle 5 |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 31 July 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| CT MM Lifestyle 5 | CT Multi-Manager Universal Balanced |
| 3. Investment objectives | |
| Previous objective | To deliver capital growth with some income over the long term (at least 5 years) by investing at least 70% in collective investment schemes (which may include schemes operated by the ACD or an associate of the ACD) to obtain indirect exposure to a wide range of asset classes. The investment manager uses a strategic asset allocation model that is matched to a specific target risk and volatility band (the volatility band is supplied by external provider). However, the fund remains actively managed and the allocation to particular asset classes or geographies may vary over time at the investment manager's discretion. To reflect the risk profile of the fund, around 60% of the fund's exposure through collective investment schemes will be to UK and global shares including emerging markets. The remaining exposure will be to UK corporate and government bonds, as well as global corporate, high yield and emerging market bonds, and property. |
| New objective | To provide growth, combining capital and income, consistent with a balanced risk and volatility profile, over the long term (5 years or more). The fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD), which provide indirect exposure to a range of global asset classes. The fund is actively managed, and the lnvestment Manager is not constrained by any particular asset allocation in respect of geography, industry or sector. By investing in a portfolio of funds, rather than individual securities, the lnvestment Manager is able to achieve diversification across multiple fund managers, investment strategies, and asset classes. Through an extensive fund selection process, the lnvestment Manager believes it can identify active fund managers with the ability to generate strong risk-adjusted returns. The lnvestment Manager uses a proprietary Strategic Asset Allocation model, which determines the appropriate combination of investments to ensure the Fund remains consistent with a balanced risk and volatility profile. Through the application of this model, the fund expects to maintain a volatility range of between 8% - 10% over rolling L0 year periods, by varying the weighting of asset types. This is the expected volatility that the fund is managed to using internal models, and is expected to be the volatility that is observed over the long term, though may be different as market dynamics change. To reflect the risk and volatility profile, the fund will typically maintain an exposure to equities (through collective investment schemes) between 30% - 70% of the value of the portfolio. The remaining exposure will be to government and corporate bonds, including high yield and emerging market bonds, and alternative assets. Alternative assets may include funds that use absolute return strategies or funds that invest indirectly in real estate, listed infrastructure, and commodities. |
| 4. Change to charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.29% |
| Previous TER | 1.99% |
| New TER | 1.65% |
| Current Trail Commission (Charge Basis 1) | 0.50% |
| New Trail Commission (Charge Basis 1) | 0.35% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount (Charge Basis 2) | 0.35% |
| Previous Reimbursed Rebate Rate (Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.65% |
| Unbundled Fund -U | |
| Previous AMC | 0.50% |
| New AMC | 0.29% |
| Previous TER | 0.85% |
| New TER | 0.65% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.40% |
| New AMC | 0.24% |
| Previous TER | 0.75% |
| New TER | 0.60% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Columbia Threadneedle Fund Management Ltd |
| Fund Name | CT MM Lifestyle 6 |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 31 July 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| CT MM Lifestyle 6 | CT Multi-Manager Universal Growth |
| 3. Investment objectives | |
| Previous objective | To deliver capital growth with some income over the long term (at least 5 years) by investing at least 70% in collective investment schemes (which may include schemes operated by the ACD or an associate of the ACD) to obtain indirect exposure to a wide range of asset classes. The investment manager uses a strategic asset allocation model that is matched to a specific target risk and volatility band (the volatility band is supplied by external provider). However, the fund remains actively managed and the allocation to particular asset classes or geographies may vary over time at the investment manager's discretion. To reflect the risk profile of the fund, around 70% of the fund's exposure through collective investment schemes will be to UK and global shares, including emerging markets. The remaining exposure will be to UK corporate and government bonds, as well as global corporate, high yield and emerging market bonds, and property. |
| New objective | To provide growth, combining capital and income, consistent with a growth risk and volatility profile, over the long term (5 years or more). The fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD), which provide indirect exposure to a range of global asset classes. The fund is actively managed, and the lnvestment Manager is not constrained by any particular asset allocation in respect of geography, industry or sector. By investing in a portfolio of funds, rather than individual securities, the lnvestment Manager is able to achieve diversification across multiple fund managers, investment strategies, and asset classes. Through an extensive fund selection process, the lnvestment Manager believes it can identify active fund managers with the ability to generate strong risk-adjusted returns. The lnvestment Manager uses a proprietary Strategic Asset Allocation model, which determines the appropriate combination of investments to ensure the Fund remains consistent with a growth risk and volatility profile. Through the application of this model, the Fund expects to maintain a volatility range of between 10% - 12% over rolling 10 year periods, by varying the weighting of asset types This is the expected volatility that the fund is managed to using internal models, and is expected to be the volatility that is observed over the long term, though may be different as market dynamics change. To reflect the risk and volatility profile, the Fund will typically maintain an exposure to equities (through collective investment schemes) between 40% - 80% of the value of the portfolio. The remaining exposure will be to government and corporate bonds, including high yield and emerging market bonds, and alternative assets. Alternative assets may include funds that use absolute return strategies or funds that invest indirectly in real estate, listed infrastructure re, and commodities. |
| 4. Change to charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.29% |
| Previous TER | 1.99% |
| New TER | 1.65% |
| Current Trail Commission (Charge Basis 1) | 0.50% |
| New Trail Commission (Charge Basis 1) | 0.35% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount (Charge Basis 2) | 0.35% |
| Previous Reimbursed Rebate Rate (Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.65% |
| Unbundled Fund -U | |
| Previous AMC | 0.50% |
| New AMC | 0.29% |
| Previous TER | 0.92% |
| New TER | 0.65% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.40% |
| New AMC | 0.24% |
| Previous TER | 0.91% |
| New TER | 0.60% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Columbia Threadneedle Fund Management Ltd |
| Fund Name | CT MM Lifestyle 7 |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 31 July 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| CT MM Lifestyle 7 | CT Multi-Manager Universal Adventurous |
| 3. Investment objectives | |
| Previous objective | To deliver capital growth with some income over the long term (at least 5 years) by investing at least 70% in collective investment schemes (which may include schemes operated by the ACD or an associate of the ACD) to obtain indirect exposure to a wide range of asset classes. The investment manager uses a strategic asset allocation model that is matched to a specific target risk and volatility band (the volatility band is supplied by external provider). However, the fund remains actively managed and the allocation to particular asset classes or geographies may vary over time at the investment manager's discretion. To reflect the risk profile of the fund, around 90% of the fund's exposure through collective investment schemes will be to UK and global shares, including emerging ma markets. The remaining exposure will be to UK corporate and government bonds, as well as global corporate, high yield and emerging market bonds, and property. |
| New objective | To provide growth, combining capital and income, consistent with a adventurous risk and volatility profile, over the long term (5 years or more). The fund invests at least 70% of its assets in a portfolio of collective investment schemes (which could include open and closed ended investment schemes, real estate investment trusts, exchange traded funds, and these could include schemes operated by the ACD (or an associate of the ACD), which provide indirect exposure to a range of global asset classes. The fund is actively managed, and the lnvestment Manager is not constrained by any particular asset allocation in respect of geography, industry or sector. By investing in a portfolio of funds, rather than individual securities, the lnvestment Manager is able to achieve diversification across multiple fund managers, investment strategies, and asset classes. Through an extensive fund selection process, the lnvestment Manager believes it can identify active fund managers with the ability to generate strong risk-adjusted returns. The lnvestment Manager uses a proprietary Strategic Asset Allocation model, which determines the appropriate combination of investments to ensure the fund remains consistent with an adventurous risk and volatility profile. Through the application of this model, the fund expects to maintain a volatility range of between 12% - 14% over rolling 10 year periods, by varying the weighting of asset types. This is the expected volatility that the fund is managed to using internal models, and is expected to be the volatility that is observed over the long term, though may be different as market dynamics change. To reflect the risk and volatility profile, the fund will typically maintain an exposure to equities (through collective investment schemes) between 60% - 100% of the value of the portfolio. The remaining exposure will be to government and corporate bonds, including high yield and emerging market bonds, and alternative assets. Alternative assets may include funds that use absolute return strategies or funds that invest indirectly in real estate, listed infrastructure, and commodities. |
| 4. Change to charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.29% |
| Previous TER | 1.99% |
| New TER | 1.65% |
| Current Trail Commission (Charge Basis 1) | 0.50% |
| New Trail Commission (Charge Basis 1) | 0.35% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount (Charge Basis 2) | 0.35% |
| Previous Reimbursed Rebate Rate (Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.65% |
| Unbundled Fund -U | |
| Previous AMC | 0.50% |
| New AMC | 0.29% |
| Previous TER | 0.95% |
| New TER | 0.65% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.40% |
| New AMC | 0.24% |
| Previous TER | 1.00% |
| New TER | 0.60% |
Client correspondence
- CT MM Lifestyle 3 - Name AMC Objective change - unbundled -U3 Sample
- CT MM Lifestyle 3 - Name AMC Objective change - unbundled Sample
- CT MM Lifestyle 4 - Name AMC Objective change - bundled Sample
- CT MM Lifestyle 4 - Name AMC Objective change - unbundled -U3 Sample
- CT MM Lifestyle 4 - Name AMC Objective change - unbundled Sample
- CT MM Lifestyle 5 - Name AMC Objective change - bundled Sample
- CT MM Lifestyle 5 - Name AMC Objective change - unbundled Sample
- CT MM Lifestyle 6 - Name AMC Objective change - bundled Sample
- CT MM Lifestyle 6 - Name AMC Objective change - unbundled Sample
- CT MM Lifestyle 7 - Name AMC Objective change - bundled Sample
- CT MM Lifestyle 7 - Name AMC Objective change - unbundled Sample