52483 Investors Guide - Clerical Medical Pension …

1 Investor's Guide Clerical Medical Pension Funds Contents Introduction 1. Clerical Medical funds managed by Aberdeen Asset Management 2. Clerical Medical funds managed by other fund managers 3. Pension funds information 9. Introduction Clerical Medical offers a range of Pension funds from ready-made investment portfolios to specialist funds to match different investment needs. Our range is grouped into the following categories: Clerical Medical funds managed Availability by Aberdeen Asset Management If you already have a Clerical Medical individual Pension you These Clerical Medical funds are all managed by a subsidiary can still add to it, or make changes to how your plan is invested. of Aberdeen Asset Management plc ( Aberdeen'). However, please note that Clerical Medical individual pensions are no longer open to new Investors .

2 Aberdeen is one of the world's largest independent asset managers by assets under management. Based in 26 countries, Some Clerical Medical Pension funds are not available for certain Aberdeen manages assets for both institutional and retail clients products, so please speak to your financial adviser for a definitive with 39 offices around the world. As at 31 December 2016, list of funds available for your product. Alternatively, please Aberdeen managed assets of over billion*. refer to the Clerical Medical fund availability and prices section at or call us on 0345 030 6243. Clerical Medical is responsible for defining the funds' objectives during the following times: Monday to Friday to 6pm. and determining how the funds should be run. We may record and monitor calls to help us to improve our *Source: Aberdeen, April 2017.

3 Service. You can also reach us by post at: Clerical Medical Clerical Medical funds managed by PO Box 28121. 15 Dalkeith Road other fund managers Edinburgh These funds are managed by selected and well-established EH16 9AS. fund managers. Covering a wide range of asset classes, If you're looking to invest in a new Pension , please visit the geographical locations, sectors and management styles, these Scottish Widows website at or carefully selected fund links provide all the basic building contact Scottish Widows on 0345 845 1004 (Monday to Friday blocks to create bespoke investment portfolios. 9am 8pm, Saturday 9am 1pm) or by post to For the majority of these funds, the fund manager defines Scottish Widows the fund 's objectives and determines how the fund should 15 Dalkeith Road be run.

4 In some cases, Clerical Medical defines the fund 's Edinburgh objectives and determines how the fund should be run. EH16 5BU. Clerical Medical and Scottish Widows are both part of the Lloyds Banking Group. 1. Clerical Medical funds managed by Aberdeen Asset Management These Clerical Medical funds are all managed by a subsidiary of Aberdeen Asset Management plc ( Aberdeen'). The manager Aberdeen look to enable their clients to harness the potential of all global investment markets from developed to emerging markets to achieve their financial goals. With a network of 39 offices and investment centres in 26 countries, they are close to their clients. Equally, their investment managers are always in or near to the territories in which they invest. By conducting their own first-hand company and market research, Aberdeen seek to get a complete picture of financial trends, risks and opportunities from the local level up.

5 Clerical Medical is responsible for defining the funds' objectives and determining how the funds should be run. Funds available ABI classification sector Adventurous fund Flexible Investment Balanced fund Mixed Investment 40% 85% Shares Balanced fund of Funds Mixed Investment 40% 85% Shares Cash fund Money Market Cautious fund Mixed Investment 20% 60% Shares Corporate Bond fund Sterling Corporate Bond Ethical fund Global Equities European fund Europe excluding UK Equities Far Eastern fund Asia Pacific excluding Japan Equities Gilt & Fixed Interest fund Sterling Fixed Interest Global Equity Tracker fund Global Equities Halifax fund Money Market International Fixed Income fund Global Fixed Interest International Growth fund Global Equities Japanese fund Japan Equities Non-Equity fund Mixed Investment 0% 35% Shares North American fund North America Equities

6 Retirement Protection fund Sterling Long Bond Smaller Companies fund UK Smaller Companies Special Situations fund UK All Companies UK Equity Income fund UK Equity Income UK Equity Tracker fund UK All Companies UK Gilt fund UK Gilts UK Growth fund UK All Companies UK Index-Linked Gilt fund UK Index-Linked Gilts UK Property fund UK Direct Property CM UK Smaller Companies fund * UK Smaller Companies * Formerly known as the CM UBS UK Smaller Companies fund . 2. Clerical Medical funds managed by other fund managers Please note: These Clerical Medical Funds are provided and administered by Scottish Widows Limited. The manager Fidelity International was founded in 1969. Since then, it has remained true to one simple goal: to achieve outstanding investment returns for its clients.

7 This is recognised by numerous awards which reflect the performance of its funds, the quality of its research, its customer service and its technical innovation. Building out from its first offices in Tokyo and London, it now serves individuals, institutions and multinational corporations and their advisers in all major financial centres across Asia Pacific, Europe and the Middle East. It is one of the largest fund management groups in the UK. Assets totalling over 226 billion (as at 31 December 2016) are managed from worldwide locations including London, Bermuda, Milan, Paris, Tokyo. Mumbai, Seoul, Singapore, Melbourne. Sydney, Shanghai, Taipei and Dubai. Source: Fidelity International, April 2017. Funds available ABI classification sector CM Fidelity American fund North America Equities CM Fidelity Defensive Managed fund Mixed Investment 0% 35% Shares CM Fidelity European fund Europe excluding UK Equities CM Fidelity Extra Income fund Sterling Strategic Bond CM Fidelity MoneyBuilder Growth fund * UK All Companies CM Fidelity MoneyBuilder Income fund Sterling Corporate Bond CM Fidelity Asia fund ** Asia Pacific excluding Japan Equities CM Fidelity WealthBuilder fund Global Equities CM Fidelity Worldwide Special Situations fund Global Equities * formerly known as the CM Fidelity Growth and Income fund .

8 ** formerly known as the CM Fidelity South East Asia fund . 3. The manager Insight Investment Management (Global) Limited ( Insight') is one of the UK's largest active managers responsible for 523 billion*. in assets under management across fixed income, risk management strategies including liability-driven investment and currency risk management, absolute return and multi-asset capabilities. Based in London, Insight is a specialist asset manager with a global network of operations in the UK, US, Japan and Australia. Its clients include Pension funds, corporates, local authorities, insurers, sovereign wealth funds, wealth managers, financial institutions and supra-nationals. At the heart of its investment philosophy is a desire to offer clients innovative yet practical solutions.

9 To achieve this, it combines expertise, strength and depth of knowledge with innovation across a broad range of asset classes and the risk/return spectrum to offer its clients complete flexibility; an essential tool in delivering tailored client solutions. A team-oriented approach is the lynchpin of its business and means that it can draw on the in-house expertise of high calibre professionals at any time. Their investment professionals are specialists in their field meaning they have the right people doing the right jobs for their clients. By working in partnership with clients and their advisers they develop and evolve effective solutions that meet their changing needs. Following this approach, Insight has grown into a leading force in investment management; its business is strong and growing, generating year-on-year growth in assets under management since launch in 2002.

10 * As at 31 December 2016. Assets under management are represented by the value of cash securities and other economic exposure managed for clients. Source: Insight, 31 December 2016. Funds available ABI classification sector Absolute Return fund Specialist Dynamic Return fund Flexible Investment Target Return fund Specialist UK Alpha fund of Funds UK All Companies UK Equity fund of Funds UK All Companies . Clerical Medical defines this fund 's objectives and determines how this fund is run. 4. The manager Invesco Perpetual is one of the largest independent investment managers in the UK, managing billion in assets1 on behalf of consumers and professional Investors . Invesco Perpetual's highly-regarded investment management team is focused on finding attractive investment opportunities in all market conditions.