Following the transfer of Scottish Provident's business to the Abbey National Group, a date has been set for the proposed change of fund managers. From the 31st March 2002, Scottish Provident funds will be managed by Abbey National Asset Managers and not Aberdeen Asset Managers, as is currently the case.
This information was issued to existing policyholders in April 2001. Abbey National do not intend to change the fund objectives and have said that they have no imminent plans to rationalise the fund range. However, they also said that this may be considered at a later date.
We will keep you posted.