Halifax fund update

Changes in detail

The changes are planned to take place on 28th July 2026 and require no action from you. The only changes you will see are the fund’s new name and an updated investment objective and policy. There will be no change to the charges you pay.

Current fund name	New fund name
UK Large Company Tracker Fund	Foresters UK Large Company Tracker Fund

About the fund’s Benchmark Index

The benchmark index that the fund will track will be an amended version of the FTSE 100 Index. The types of company detailed above will be excluded from the fund so that it invests more responsibly. The exclusions from the benchmark index will be made by FTSE. A fund’s benchmark is an index, rate or equivalent measure used to assess the performance of the fund. Usually a market index or the average performance of similar investments, or a bank index rate are used as benchmarks.

The fund is a passive investment fund. This means that the Investment Manager aims to track the fund’s index. The Investment Manager does this by investing in all or some of the assets in the fund’s index to give a return that aims to reflect how the index is performing.

Current Benchmark Index	New Benchmark Index
FTSE 100 Custom Screened Index	FTSE 100 Custom Screened Index

Change of the fund's investment objective and policy

Current fund objective	New fund objective
The investment objective of the UK Large Company Tracker Fund is to aim to match as closely as possible, before deduction of fees, the performance of the FTSE 100 Custom Screened Index (the “Benchmark Index”).	The investment objective of the Foresters UK Large Company Tracker Fund is to aim to to provide capital growth and income in line with the FTSE 100 Custom Screened index, before fees have been deducted, over a three to five year period by investing in equity and equity related securities of large UK companies.

Current fund policy

New fund policy

The fund aims to invest in shares of all of the companies within the Benchmark Index. This is often referred to as a ‘full replication’ approach.
The fund may also invest, up to 10%, in collective investment schemes to gain exposure to the Benchmark Index.
Derivatives and stock lending may be used for the purpose of managing the fund in a way that is designed to reduce risk or cost and/or generate extra income or growth (often referred to as efficient portfolio management).
The Benchmark Index has been selected as an appropriate benchmark as it measures the performance of a sub-set of equity securities within the FTSE 100 Index (the “Parent Index”). The Parent Index provides a representation of the returns of securities in the UK equity market and the Benchmark Index excludes companies from the Parent Index based on the exclusions screening criteria.

The fund aims to provide capital growth and income in line with the FTSE 100 Custom Screened index, before fees have been deducted, over a three to five year period by investing in equity and equity related securities of large UK companies.

The FTSE 100 Custom Screened Index is an amended version of the FTSE 100 Index that excludes those companies which are involved in industries such as Controversial Weapons, Thermal Coal and Tobacco. The FTSE 100 Index includes the 100 largest companies listed on the London Stock Exchange. The Halifax UK Large Company Tracker Fund invests 100% in companies listed on this FTSE 100 Custom Screened Index. Therefore, the fund will closely match the market performance of this custom index.

What are my options?

If you are happy that the fund still meets your investment objectives, you don’t need to take any action and your investment will be linked to the Foresters UK Large Company Tracker Fund.

If not, you can switch to the Foresters Stakeholder (Schroders) Managed 1 Fund, contact our Customer Services team, alternatively you can transfer your funds to another provider.

Fund switch to Foresters

To switch to the Foresters Stakeholder (Schroders) Managed 1 Fund please send in a signed letter request to the following address: FREEPOST Foresters Financial, Forester Life CTF Team, 2 Cromwell Avenue, Bromley BR2 9BF This letter must include the Plan number, your child’s address, the current fund name (UK Large Company Tracker Fund) and the fund you wish to switch to (Foresters Stakeholder (Schroders) Managed 1 Fund). Also please confirm if you would like to switch the current funds and/or all future contributions as well. Making this fund switch will increase your Annual Management Charge to 1.5%.

Transfer out

If you would like to transfer your child’s CTF to another provider, please contact the new provider and they will be able to arrange the transfer.

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