2017-06-25
In line with their responsibilities, the EDS Trustee Limited (“the Trustee”) has been working with its advisers to review the AVC investment options available to members of the Scheme. The Trustee wanted to ensure members continued to receive value for money with regard to the investment of their AVCs. As a result of this review, the Trustee has decided to close the actively managed funds and automatically switch members’ existing holdings in these funds into the corresponding passively managed funds. This is permitted under the Rules of the Scheme.
Timescales
The switch of Active Funds to Passive Funds will take place on 15 June 2017. To enable the switch there will be a blackout period. This is a period of time when no new investments or member initiated investment switches can take place. The Trustee will aim to make the blackout period as short as possible. The blackout period will take place from 8 June 2017 to 22 June 2017.
