We are pleased to announce that as of the 29 June 2024, the attached funds will change from abrdn Investment Management Ltd to FundRock LGT Volare.
There will be a non dealing day on the 28th June for the affected funds with abrdn Investment Managers.
Conversion Details
The transaction type Re-Registration In will be used to transfer your holdings from the abrdn funds into FundRock.
Contact Details
Contact details to be used from the above date can be found here
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The new postal address will be: FundRock Partners Ltd. - LGT |
The new courier address will be: FundRock Partners Ltd. - LGT |
Account information
If an existing account has been identified in FundRock you would have received a separate communication requesting confirmation for these accounts to be used. If you have not had a communication for this, then the funds will be placed in a newly created account.
Details of your new account numbers and agent codes will be communicated via email.
Where possible agent codes have remained the same. The change is effective from 29th June 2024 and the new details should be used from this date onwards.
Any nil balance account for the funds with abrdn will not be converted to FundRock
All Dealing and Distribution mandates held on your abrdn accounts will be converted over to any new FundRock accounts. If the funds are going to an existing account with FundRock the current mandates on the account will be used.
Coveralls will not be converted, therefore any new accounts in FundRock will need a new Coverall form submitted, these can be located here. If the funds are going to an existing account with FundRock the current coverall on this account be used.
Secure Distributor Portal Reporting
The new accounts and agent codes will need to be linked to the Secure Distributor Portal in order to receive reports. To arrange this please complete a linking form available here. Account numbers will be circulated approximately two weeks before live date, our deadline for the return of linking forms is 14th June.
Please note, any forms received not in good order by the deadline will not have online reporting available on day 1. Guidance on how to complete the forms can be found on the link above.
Trading information
Trading with SS&C will commence from 8am Monday 1st July. It is important to ensure trades submitted from this point quote your new unitholder and agent details. Agent codes are mandatory for Calastone and EMX trading.
The EMX participant and product details to use from the above date and time are shown below.
EMX Participant ID: IFDS
EMX Product code: 000001
If you don’t have an existing connection, please refer to Calastone directly to set up connectivity with them.
Electronic re-registration and STP conversions
The connection details to use from 1st July are detailed below.
Business Entity BIC – ALUSGB21VOL
BIC 8 – ALUSGB21
BIC 11 – ALUSGB21XXX
SWIFT DN - ou=vol,ou=atgfunds2,o=alusgb2l,o=swift
Settlement
These funds will not be available via CREST or CTN Net Settlement from the 1st July.
Bank details
The below bank detail will need to be used for the funds from the 1st July.
Account name: FP Ltd Dealing Account
Sort Code: 60-00-01
Account No: -39329917
IBAN Number: GB91NWBK60000139329917
Bank account address: NatWest Bank Plc, London City Office, 1 Princes Street, London, EC2R 8PA
For any trades due to settle after the 29th June all payments for these trades should be sent to the new details above.