Notification of closure of J48 Allianz Asia Ex China Equity (USD)

30 Jan 2026

• J48 Allianz Asia Ex China Equity (USD) 

(the "Closing Mirror Fund")

We continually monitor our fund range in order to achieve quality and diversity for our international investors. Our review, which may include the addition or removal of funds, aims to provide an updated and comprehensive selection of investment-linked funds to our policyholders.

As a result of a recent review, the Closing Mirror Fund will be removed from the FPIL fund range from 8 May 2026 (the “Effective Date”).

We will switch existing holdings in the Closing Mirror Fund, and where applicable will redirect future regular premium payments, into the following alternative mirror fund (the “Default Replacement Mirror Fund”) from the Effective Date:

We select the Default Replacement Mirror Fund based on various factors, which include but are not limited to, (1) investment objective and strategy, (2) assets mix, (3) risk profile and (4) currency denomination. The Default Replacement Mirror Fund has been chosen as the most similar to the Closing Mirror Fund.

Please refer to the Appendix in the sample client communication opposite for comparative information between the Closing Mirror Fund and the Default Replacement Mirror Fund.  Whilst appropriate due diligence has been carried out on the Default Replacement Mirror Fund we do not accept any liability for the future performance of this, or any other FPIL mirror fund.

From the date of this notification, only continuing regular contributions will be permitted into the Closing Mirror Fund. No new single or regular contributions will be permitted into the Closing Mirror Fund, whether from new or existing investors. 

The change will happen automatically within affected policies/contracts and policyholders do not need to take any action if they agree with the choice of Default Replacement Mirror Fund that we have selected. 

Policyholders can choose to switch their current holdings, and/or redirect regular contributions if applicable, into different mirror funds in the relevant FPIL range for their region. This can be done at any time, however, in order to override the transfer of existing holdings into the Default Replacement Mirror Funds, we require alternative instructions by 3pm UK time on 6 May 2026. 

We have contacted impacted policyholders and their financial advisers to notify them of the changes; primarily by e-shot, with letters sent by post where we do not hold a valid email, and to those who prefer to receive letters by post

Should you have any questions regarding this notification, please contact the Investment Marketing Team.