Unit trusts

Unit Trust Lump Sum and Regular Savings (investing outside a Stocks and Shares NISA)

This is a simple, effective and low-cost way to invest in our funds. Completely flexible, your clients can choose which fund(s) to invest in and whether to invest monthly, with occasional lump sums, or both.

An account can only be opened either by phone, fax or post.

If the client chooses to invest over the telephone or you place the deal on their behalf, the transaction will be placed at the next valuation point and we will post them a Unit Trust Application Form. They will need them to complete, fully sign and return the application form by post to us, along with a cheque, in order to complete the transaction.

If you would prefer, you can complete our Unit Trust Application Form with your client and fax it to us. The original must be posted to us, along with a cheque, in order to complete the transaction. Alternatively, just complete the application form with your client and post it to us along with a cheque.

Cheques should be made payable to: "BlackRock Investment Management (UK) Limited" for lump sum investments into a Stocks and Shares NISA.

Clients wanting to start a Direct Debit, must complete an Unit Trust Application Form and send it to us by post, in order for this to be started.

Unit Trust Stocks and Shares NISA (tax-efficient savings plan)

This product offers the same flexibility as the Lump Sum and Regular Savings account, with the added benefit of a tax-efficient wrapper. This means that any capital gains made on the investment will not be subject to capital gains tax when the holdings are sold.

If your client chooses to invest in to this product, we will need them to complete our Unit Trust Stocks and Shares NISA Application Form and return it to us by post, along with their cheque (if applicable).

Cheques should be made payable to: "BlackRock Investment Management (UK) Limited" for lump sum investments into aStocks and Shares NISA.

Postal Address:

BlackRock
PO Box 545
DARLINGTON
DL1 9TQ

Unit Trust NISA transfer

It is simple to do, just fill in the BlackRock Unit Trust Stocks and Shares NISAs Transfer Form. By doing so, your clients are giving BlackRock the authority to contact their current Stocks and Shares NISA manager. They will sell their holding and send the cash to us. We will invest the amount as indicated on the client’s BlackRock Unit Trust Stocks and Share NISA Transfer Form.

There is no need for you or the client to contact the current Stocks and Shares NISA manager as all the administration takes place between us and them. 

Charges

When investing into our Unit Trusts there is an initial charge which is reflected in the buying price of the units. In addition, there are also a number of on-going management and administration expenses paid out of each Fund. Specific details can be found in the Key Investor Information Document (KIID) or Simplified Prospectus and within the Prospectus.

Lump sum investments will be placed at the next valuation point following receipt of an instruction. A contract note will be posted to the client the following working day, which will confirm their account details, the number of units purchased and the purchase price. As the clients' Intermediary, you will receive a copy of this document.

Those who choose to invest monthly will receive a confirmation letter, including the first date we will collect the Direct Debit. No certificates are issued for BlackRock Funds. Unit Trust Direct Debit payments are collected on the 15th of the month. ISAs and Investment Trusts are collected on the 25th of the month.

Clients will receive half-yearly valuation and transaction statements as at 5 April and 5 October. We will send these within 25 business days of these dates. As an intermediary you will receive a valuation statement for all your clients during this period.

Additionally, a copy of the Annual and Interim Report for each of the clients' fund(s) is sent to them when it is published.

Unit Trust Lump Sum and Regular Savings (investing outside a stocks and shares NISA) and Unit Trust Stocks and Shares NISA (tax-efficient savings plan)

Your clients can switch in nearly all cases from one BlackRock Fund to another by telephone, fax or in writing only.  You can also request this on their behalf in the same way.

They will normally receive a discount on the initial charge, details of which are available from our Broker Services Team on 0800 445522.

If your client chooses to switch their fund over the telephone, they will be asked to confirm that they have received and read the relevant Key Investor Information Document (KIID) or Simplified Prospectus.The investment will be placed at the next valuation point and a contract note will be posted to them the following working day. Providing the client confirms your agency requires a contract note, a copy will also be sent to you.

If they would prefer to send us an instruction by fax or post, the instruction must state ‘I/we declare that I/we have received the most recent Key Investor Information Document or (if applicable) the Simplified Prospectus for the Fund(s) included on this instruction.’, or the request will be rejected.  Additionally, they must state you would like to receive a contract note for this transaction.

For further details about KIIDs, please read the document titled ‘Investors’ guide to KIID’, which can be found on the right hand side of this page. Our library provides our full range of KIIDs and our Simplified Prospectus.

Fax and telephone instructions will need to be forwarded to us by post, as we require an original signed instruction to complete the transaction.

Please ensure the instruction is signed by all account holders.

Switching between Unit Trusts and Investment Trusts

Switching between products is possible. To confirm our requirements and the possible charges, please call the Broker Services Team on 0800 445522 

For daily prices and yields, visit the prices page. Alternatively, call the Broker Services Team on 08457 405 405.

Unit Trust Lump Sum and Regular Savings (investing outside a Stocks and Shares NISA)

Clients can top up their existing BlackRock Fund or add a new Unit Trust Fund to their Lump Sum and Regular Savings account by telephone, fax or in writing only.

If your client chooses to invest over the telephone they will be asked to confirm that they have received and read the relevant Key Investor Information Document (KIID) or (if applicable) the Simplified Prospectus. The investment will be placed at the next valuation point and a contract note will be posted to them the following working day. Providing the client confirms your agency requires a contract note, a copy will also be sent to you. They will need to send us their cheque in order to complete the transaction.

If they would prefer to send us an instruction, including a cheque for the amount by fax or post, they must state ‘I/we declare that I/we have received the most recent Key Investor Information Document or (if applicable) the Simplified Prospectus for the Fund(s)’ on this instruction or their request will be rejected. Additionally, they must state you would like to receive a contract note for this transaction.

Fax instructions will need to be forwarded to us by post, along with their cheque, as we require the original to complete the transaction.

For further details, please read the document titled ‘Investors’ guide to KIID’. Our libraryprovides our full range of KIIDs and our Simplified Prospectus.

Please ensure the instruction is signed by all account holders.

Cheques should be made payable to: "BlackRock Fund Managers Limited" for lump sum investments

Unit Trust Stocks and Shares NISA (tax-efficient savings plan)

All top up instructions for BlackRock Stocks and Shares NISAs must be made in writing.  (If they have not made an investment in to a BlackRock Stocks and Shares NISA in the current tax year, they will need to complete this year’s Stocks and Shares NISA Application Form. Please visit our library.)

The written instruction must state ‘I declare that I have received the most recent Key Investor Information Document or (if applicable) the Simplified Prospectus for the Fund(s) on this instruction.’, or their request will be rejected. Additionally, they must state you would like to receive a contract note for this transaction.

For further details, please read the document titled ‘Investors’ Guide to KIID’, which can be found on the right hand side of this page. Our library provides our full range of KIIDs and our Simplified Prospectus.

Cheques should be made payable to: "BlackRock Investment Management (UK) Limited" for investments into a Stocks and Shares NISA.

This facility allows clients to move their Stocks and Shares NISA monies out of their Unit Trust into cash, without money leaving the Stocks and Shares NISA wrapper and therefore, maintaining its tax-efficient status. However, investors should note that BlackRock does not pay interest on these cash amounts and so it expects investors to treat the facility as temporary pending re-investment into an eligible fund.

The Cash Holding Facility is not a Cash NISA. We expect that any cash held in this facility is for the purpose of investment in qualifying NISA funds and will not be maintained as cash for long periods of time.

Adding a Direct Debit
In order to add a Direct Debit to an account we require a completed Unit Trust or Unit Trust Stocks and Shares NISA Application Form by post. We require 10 working days to commence a Direct Debit. Upon receipt we will set up the Direct Debit and your client will receive a confirmation letter, including the first date we will collect their payment.
Unit Trust Direct Debit payments are collected on the 15th of the month. Stocks and Shares NISAs and Investment Trusts are collected on the 25th of the month.
Amending your fund or amount
Your client can amend the amount of their Direct Debit and the fund(s) they are investing in to by phone, fax or by post. Upon receipt we will amend the Direct Debit and the client will receive a confirmation letter. We require 10 working days’ notice before the collection date, to amend a Direct Debit
If they choose to make any amendments over the telephone they will be asked to confirm that they have received and read the relevant Key Investor Information Document (KIID) or (if applicable) the Simplified Prospectus.
If they would prefer to send us an instruction by fax or post, the instruction must state ‘I/we declare that I/we have received the most recent Key Investor Information Document or (if applicable) the Simplified Prospectus for the Fund(s) on the enclosed instruction’, or their request will be rejected.
For further details, please read the document titled ‘Investors’ guide to KIID’. Our libraryprovides our full range of KIIDs and our Simplified Prospectus.
Please ensure the instruction is signed by all account holders.
Cancelling a Direct Debit
Your client can cancel their Direct Debit payments by phone, fax or by post.
If we have received the instruction to cancel less than 10 working days prior to the collection date, the details to collect the Direct Debit from the bank account will still be on file and the bank will extract the money from a client’s account. To prevent this, they should contact their bank to cancel the collections.
Please ensure the instruction is signed by all account holders.

Unit Trust Lump Sum and Regular Savings (investing outside a stocks and shares NISA) and Unit Trust stocks and shares NISA (tax-efficient savings plan)

You or your client can make a full or partial withdrawal by telephone, fax or in writing only.

If you choose to redeem by phone or fax, the investment will be sold at the next valuation point.

A contract note and form of renunciation (FOR) will then be released the next business day. Providing the client confirms your agency requires a contract note, a copy will also be sent to you. We will require your client to sign the FOR and return to us by post.

Following receipt of your original signature, the proceeds will be released four business days later. This will be by cheque, payable to the first named registered account holder and posted to the registered address.

If your client would prefer to send us an original signed instruction by post, the investment will be sold at the next valuation point. The proceeds will be released four business days later, by cheque payable to the first named registered account holder and posted to the registered address.

Please ensure the instruction is signed by all account holders.

Changing a client’s name because they have married

In order to update a client’s name following marriage, we will require the original Marriage Certificate, along with a signed instruction including the client’s maiden and married signatures.

All original documents will be returned within 24 hours by recorded delivery.

For alternative acceptable documents, please contact our Broker Services Team on 0800 445522.

Change of name by deed poll

We require sight of the original change of name deed, along with a signed instruction including the client’s new signature.

All original documents will be returned within 24 hours by recorded delivery.

For alternative acceptable documents, please contact our Broker Services Team on 0800 445522.

Changing a client’s name because they have divorced

In order to change a client’s name following divorce, we require an original document as proof of divorce (such as a Decree Absolute) and an original document as proof of the maiden name (such as a Birth Certificate).  This should be enclosed within a signed instruction from your client, which includes both the previous and new signatures.

All original documents will be returned within 24 hours by recorded delivery.

For alternative acceptable documents, please contact our Broker Services Team on 0800 445522.

Changing a client’s name for a differing reason

If our client would like to change their name for another reason to those mentioned above, please contact our Broker Services Team on 0800 445522, for details of our requirements.

In order to change a client’s address, we require an original signed instruction form all account holders. The instruction must include the following information or it will be rejected.

- Account number

- All account holders’ names

- Old address

- New address

- All account holders’ signatures

Following receipt, a letter of confirmation will be posted to the first named account holder.

Telephone number:

From the UK: 0800 445522*

From abroad - 0044 207 743 5024*

*Lines are open Monday to Friday 8.30am to 6.00pm. For your protection, telephone calls may be recorded.

Fax number:

From the UK - 0870 7070 144 or 0207 743 1159

Overseas - 0044 207 743 1159

Address:

BlackRock
PO Box 545
DARLINGTON
DL1 9TQ

Email: enquiry@ukclientservices.blackrock.com

Please be advised, we cannot provide client data by email, nor can we accept any instructions. However, we can provide generic information and fund data.

Capital at risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The figures shown on this page are fictional examples to explain the types of investments you may consider. Past Performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.