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ABI Life and Pension Fund Sector Definitions

What are ABI Sectors?

ABI Fund Sectors

The ABI Fund Sectors is a system for the classification of unit-linked life and pension funds with similar investment strategies and sets out a list of defined fund categories, referred to as ‘Sectors’. The ABI Sector Definitions set out clear eligibility criteria by reference to which unit-linked life and pension funds that are put forward for classification are grouped into a particular ABI Fund Sector. The sectors are not designed to reflect the relative risk of funds. They are designed to group together funds that are similar, so that they can be compared on a like-for-like basis.

To ensure that the ABI Fund Sectors remain up to date and relevant, the ABI convenes a committee of ABI members at least twice a year to review the Sectors and their definitions and make updates as relevant. Any updates will be published on this website.

With effect from 1 January 2020, the ABI has appointed Refinitiv to collect data about specific funds in order to create a Master List of the actual funds that fall into each ABI Fund Sector. Refinitiv will also monitor eligible funds to ensure that they remain classified in the correct Sector, according to the Fund Sector definitions and will determine any action to be taken in relation to any non-compliant funds. Refinitiv, and not the ABI, is solely responsible for these activities and any questions in relation to this should be directed to Refinitiv.

To register a new fund or to move a fund within the ABI Fund Sectors, or for a copy of the Refinitiv Masterlist Based on ABI Fund Sector Definitions, please visit the Refinitiv website 

Legal disclaimer

The ABI Fund Sectors and ABI Sector Definitions do not constitute input data for the purposes of the European Benchmark Regulation or the IOSCO Principles for Financial Benchmarks, and must not be used in any way that would have this effect. Neither the ABI nor any other person accepts any responsibility or liability for any loss of whatsoever nature or howsoever caused or occasioned, arising directly or indirectly from the use of the ABI Fund Sectors, the ABI Sector Definitions or the classification of any fund into an ABI Fund Sector.

Criteria for funds in the ABI Sectors

For more information on criteria for funds see ABI sector definitions.

Current Consultations

As part of the ABI’s remit to keep the ABI Sectors and definitions up to date and relevant, we are consulting on two proposals:

  • to create an ABI Volatility Managed fund sector as a new and additional sector within the ABI Fund Sectors
  • to retain the UK Direct Property sector and to merge the UK Property Securities and Global Property sectors into one sector: Property Other.

The consultations run from 15 April to 15 June 2020. We welcome views from all stakeholders, including financial advisers, consumers, consumer representatives, fund providers and data vendors by 15 June.