Impact of the merger of M&G Income Fund into M&G Dividend Fund
As a result of the merger of M&G Income Fund into M&G Dividend Fund, we are making changes to the:
- Trust Assurance Plan (TAP)
- Unit Trust Assurance Plan (UTAP)
- Regular Investment Plan (RIP)
As part of an ongoing commitment to providing a focused and efficient fund range for our customers, we have merged the M&G Income Fund into the M&G Dividend Fund. This will impact shareholders of the Funds and planholders within our TAP, UTAP and RIP plans.
The TAP, UTAP and RIP plans are unit-linked regular savings whole of life plans which were closed to new business in 1971, 1978 and 1983 respectively. The two funds have broadly similar investment objectives and policies and are already managed by the same fund manager.
We have written to TAP, UTAP and RIP planholders who hold the M&G Income Fund to let them know about the merger.
