News
Jessop changes Fund Name
12th February 2007
JESSOP PERSONAL PENSION TRUST
NOTICE TO INVESTORS
Adoption of the New Collective Schemes Sourcebook
This is a brief note to inform you of a new set of rules under which the scheme will operate.
The scheme operates under rules made by the Financial Services Authority (“the FSA”). The FSA has recently issued a new set of rules, contained in the New Collective Investment Schemes Sourcebook (referred to as “COLL”) which all UK authorised funds are required to adopt by February 2007.
Jessop Fund Managers Limited, as manager of the Scheme has adopted the new rules with effect from 12 February 2007. The scheme is an authorised unit trust and under the new rules is classified as a non-UCITS retail scheme however; it remains as an umbrella fund within the meaning of the Regulations.
In adapting to COLL, the Manager’s approach has been to make the minimum of changes necessary to comply with the new rules. Accordingly, no action is required by investors, in relation to the adoption of the new rules.
Change of Fund Name
At the same time as converting to COLL we are taking the opportunity to change the name of the Sub-Fund previously named “Jessop (GAR) UK Emerging Companies Personal Pension Fund” to “Jessop (GAR) UK and Irish Smaller Companies Fund” to match the name of the underlying authorised Scheme into which the Sub-Fund invests and more accurately reflect the Investment Aims of the Fund.
If you are uncertain about any of the matters contained herein you are advised to contact your financial adviser.
You are not required to take any action as a result of this notice.
