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Converting
your funds

Take advantage of low annual fund charges

Since 2014 we’ve been offering a type of fund with lower annual management charges and lower or no loyalty bonuses, we call these unbundled funds. You can convert to this type of fund through your online account.

Tax rules can change and benefits depend on personal circumstances. This is not personal advice. If you're not sure about what’s right for you, please seek personal advice. All investments can fall as well as in rise in value so you could get back less than you invest.

Lower cost units

In some cases you’ll receive a similar saving as your existing inclusive units but often the newer unbundled funds are cheaper. You can compare the charges and savings of both types units on the fund factsheets.

There’s no charge to convert

We won’t charge you to convert your funds and there’s no tax liability for doing so. You’ll also remain fully invested throughout the process – this means you’ll be subject to market movements.

It’s simple to do

All you need to do is provide us with an instruction to convert. We’ll send the instruction to the fund manager and let you know when the conversion completes. We usually submit conversions quarterly, in March, June, September and December.

Please ensure you have read our fund conversion policy.

Convert your funds now

Frequently asked questions