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Investment Funds

Find out more about our investment funds.

Important Information on the MetLife Protected Growth Funds

As part of our commitment to our customers, we regularly review our investment proposition to ensure

that we are offering the most appropriate selection of fund choices. Part of this process is to benchmark the performance of our funds against their peers to ensure that they continue to deliver value and to ensure that from an operational perspective, each fund maintains a sufficient number of customers and assets under management to enable us to keep a fund open.

During our recent review we identified that the Protected Growth funds had high cash and low equity allocations, relative to their historic average exposures. The larger than average cash allocations and lower exposure to the stock market is likely to result in reduced fund performance.

To ensure good long-term outcomes we are in the process of closing these funds and we have written to all customers and their Financial Advisers, to advise the options available. More information can be found in the FAQs.

Fund list

See our range of funds on our current fund list

Funds reports

Always be in the loop when it comes to your investments. We update our fund reports on a regular basis to help you understand the levels of equity exposure of our Managed Wealth Portfolios.

Investment bulletins

Keep up-to-date with our investment funds. As well as a market update, our Investment Bulletins will provide you with more information about our investment funds.

Fund factsheets

MetLife investment funds are no longer open to new investments or increases to regular payments. 

Customers can still switch their money into funds that are still available for their product. Switches into funds that provided guaranteed benefits are no longer available.

MetLife Retirement Portfolio and Trustee Retirement Portfolio - Pension
MetLife Investment Bond Portfolio – Onshore
Cash funds
Other information
Financial Services Compensation Scheme Collapsed Expanded

The Financial Services Compensation Scheme (FSCS) has been set up to provide protection to consumers in the event of an authorised financial services firm, such as MetLife Europe d.a.c. (MetLife), being unable to meet the financial claims being made against it.

It is important that you note that the cover the FSCS provides will depend on the type of investment that you hold, and that in some circumstances you would be unable to make a claim under the scheme.

MetLife, as an insurer, is covered by the FSCS in respect of long term insurance business, which includes life assurance and pensions. If it becomes unable to meet the financial claims being made against it, you may be entitled to compensation from the Scheme. The maximum level of compensation for claims against insurers declared in default is 100% of the claim with no upper limit.

All investment funds offered by MetLife ultimately invest in a fund managed by an external fund manager. These funds are often referred to as a ‘mirror fund’.

When you make an investment with MetLife you are buying units in the MetLife ‘mirror fund’ and not the external fund its self.  The investment in the external fund is made by MetLife.

If the external fund manager or company were unable to meet their financial obligations, no claim could be made under the FSCS.

It should be noted that it is a requirement of a fund manager to appoint a custodian that holds customers' securities for safekeeping in order to minimize the risk of their theft or loss. Since they are responsible for the safety of assets and securities that may be worth hundreds of millions or even billions of pounds, custodians generally tend to be large and reputable firms.

For further information see www.fscs.org.uk or telephone 0800 678 1100.

Mirror Funds Collapsed Expanded

All MetLife funds are classed as a “mirror funds”. This means the funds ultimately invest in an underlying fund(s) that is managed by an external fund manager. Although the “mirror fund” will track the performance of the underlying external fund, the performance may not be the same. The main reasons will be differences in charges; the way the funds are taxed and any accruals or cash that is held in our “mirror fund”.

Additionally the unit price of the “mirror funds” will be different from the underlying external fund. This is due to the fact that the MetLife funds will have launched on different dates from the respective underlying external funds (often at a different starting price) and will have performed differently.