Corporate actions
LV= core fund range corporate action updates
Click on the fund names below to see any corporate actions affecting funds in our core fund range available in the LV= SIPP and other pension products. Some of these changes are instigated by the underlying fund manager and some may be instigated by LV=.
Fund Manager
M&G
Fund Name
LV= M&G Property Portfolio (s2)
Corporate Action Notification
Fund suspension
Summary of impact on fund
The fund has suspended trading due to ongoing uncertainty in the UK over the future of open-ended funds in direct (physical) property within a daily-dealing structure. No transactions should be placed on the fund, this includes purchases, switches, sales, transfer outs, income, regular contributions etc. Whilst the fund is suspended the Fund Manager is progressing with closing the fund and returning assets to investors. We have be in regular contact with affected customers and their Financial Advisers throughout the suspension and latest distribution has been paid to members in March 2026.
Date effective
19.10.2023
Fund Manager
Ninety One
Fund Name
LV= Ninety One UK Smaller Companies (s2)
Corporate Action Notification
Fund Merger
Summary of impact on fund
Ninety One have merged this fund with there UK Special Situations Fund. We have written to all affected customers and their Financial Advisers regarding the changes.
Date effective
07.03.2025
Fund Manager
CT
Fund Name
LV= CT European Smaller Companies Fund
Corporate Action Notification
Change of Policy
Summary of impact on fund
CT are making changes to the investment policy to change the definition of "European Smaller Companies" We will be writing to all affected customers and their Financial Advisers regarding the changes.
Date effective
01.03.2025
Fund Manager
CT
Fund Name
LV = CT UK Fixed Interest (S1 & S2) & LV= UK Fixed Interest (S1& S2)
Corporate Action Notification
Fund Closure
Summary of impact on fund
Columbia Threadneedle who manage the underlying fund in which the LV= CT UK Fixed Interest and LV= UK Fixed Interest funds invest have notified us that the funds will be closing due to significant redemptions in the fund which mean the fund will no longer be viable. We are writing to all affected customers and their Financial Advisers with next-steps.
Date effective
20.06.2025
Fund Manager
Ninety One
Fund Name
LV= Ninety One MAP2 Fund (s2)
Corporate Action Notification
Fund Merger
Summary of impact on fund
Ninety One have merged this fund with there Diversified Income Fund. We have written to all affected customers and their Financial Advisers regarding the changes.
Date effective
16.05.2025
Fund Manager
L&G
Fund Name
LV= L&G Future World ESG Multi Index 4&5
Corporate Action Notification
Change of Fund Name
Summary of impact on fund
L&G have updated the fund names to include Screened and Selected, with no changes to investment objectives. We will be writing to all affected customers and their Financial Advisers regarding the changes.
Date effective
09.06.2025
Fund Manager
Ninety One
Fund Name
LV= Ninety One Emerging Markets Leaders (s2)
Corporate Action Notification
Fund Name and Objective Change
Summary of impact on fund
Ninety One are changing the name and objectives of the fund to give the fund a broader geographical focus. We are updating the name and objectives to reflect this.
Date effective
20.06.2025
Fund Manager
CT
Fund Name
LV= CT Multi-Manager Funds
Corporate Action Notification
Fund Name Change
Summary of impact on fund
CT are updating the name and objectives of the funds to more clearly show the aims of the fund.
Date effective
31.07.2025
Fund Manager
Schroder
Fund Name
LV= Schroder UK Alpha Plus (s1)
Corporate Action Notification
Fund Closure
Summary of impact on fund
We have decided to close the fund due to consistent underperformance of both the sector and the fund’s benchmark.
Date effective
26.08.2025
Fund Manager
Schroder
Fund Name
LV= Schroder UK Alpha Plus (s2)
Corporate Action Notification
Fund Closure
Summary of impact on fund
We have decided to close the fund due to consistent underperformance of both the sector and the fund’s benchmark.
Date effective
26.08.2025
Fund Manager
Fidelity
Fund Name
LV= Fidelity Responsible Emerging Markets Equity Index (s2)
Corporate Action Notification
Fund Closure
Summary of impact on fund
We have decided to liquidate the fund due to low levels of AUM and high outflows of the fund. It was no longer commercially viable to keep the fund open with such a low AUM.
Date effective
26.08.2025
Fund Manager
Schroder
Fund Name
LV= Schroder Digital Infrastructure (s2)
Corporate Action Notification
Fund Closure
Summary of impact on fund
We have decided to liquidate the fund due to low levels of AUM and high outflows of the fund. It was no longer commercially viable to keep the fund open with such a low AUM.
Date effective
26.08.2025
Fund Manager
Vanguard
Fund Name
LV= Vanguard LifeStrategy Funds
Corporate Action Notification
Reduction in Fund Charge
Summary of impact on fund
Vanguard have lowered the fund charge on the LifeStrategy range from 0.22% to 0.20%. We have updated the charges on the corresponding LV= funds.
Date effective
27.01.2026
Fund Manager
Waystone
Fund Name
LV= WS Verbatim Funds
Corporate Action Notification
Fund Name Change and Authorised Corporate Directors Changing
Summary of impact on fund
The Authorised Corporate Directors (ACD) of the formerly Waystone Management funds has changed to Apex Fundrock. They have changed the name of the fund to reflect this change.
Date effective
28.02.2026
Fund Manager
Quilter
Fund Name
LV= Quilter Funds
Corporate Action Notification
Update to Investment Objectives and Policy
Summary of impact on fund
Quilter have updated the Investment Objectives and Policy of the funds to better reflect the risk rating and volatility target of each fund. This has not impacted the risk profile of the funds.
Date effective
30.03.2026
Fund Manager
Schroder
Fund Name
Schroder Sustainable Future Multi-Asset (s2)
Corporate Action Notification
Change of Objectives
Summary of impact on fund
Schroders have updated the fund objective to remove the minimum target limit of 50% from the current target average volatility range of 50-67%.
Date effective
16.04.2026
Fund Manager
Jupiter
Fund Name
LV= Jupiter Emerging European Opportunities
Corporate Action Notification
Distribution Payment
Summary of impact on fund
When the fund closed in 2022 there were Russian sanctioned assets that could not be sold. Some of these have now become saleable and a distribution payment is due to investors who held the fund at the time of its closure.
Date effective
24.04.2026
Fund Manager
M&G
Fund Name
M&G Optimal Income (s2)
Corporate Action Notification
Change of Objective, Policy and Benchmark
Summary of impact on fund
M&G have updated the investment policy of the fund to remove its ability to invest up to 20% of the fund in equities in order to clarify the Fund’s focus on fixed income/bonds. M&G have also increased the minimum amount the Fund must invest in fixed income/bonds from 50% to 70% of the Fund. The benchmark has been updated to the Bloomberg Global Aggregate Index GBP-hedged.
Date effective
07.05.2026
Fund Manager
Jupiter
Fund Name
LV= Jupiter European Special Situations (s2)
Corporate Action Notification
Fund Closure
Summary of impact on fund
We have decided to liquidate the fund due to consistent underperformance of benchmark/sector and low levels of AUM. It was no longer commercially viable to keep the fund open with such a low AUM.
Date effective
13.05.2026
Fund Manager
CT
Fund Name
LV= CT Latin American (s2)
Corporate Action Notification
Fund Closure
Summary of impact on fund
We have decided to liquidate the fund due to low levels of AUM and high outflows of the fund. It was no longer commercially viable to keep the fund open with such a low AUM.
Date effective
13.05.2026
