As a result, from the Effective Date, FPIL will no longer accept new investment instructions (for switch-in and singular premium increase) into L21 Pictet Global Environmental Opportunities.

Policyholders paying regular premiums into L21 Pictet Global Environmental Opportunities can continue to do so at the same or at a reduced level, however they may not increase the premium allocation into L21 Pictet Global Environmental Opportunities.

Further information can be found in the client letter, which has been sent out to policyholders invested in these funds.