Fund orders must be received by 11am to be dealt on the same business day with the following exceptions:

• McHattie - Orders must be received by 10am on the day of dealing to be executed at the 11am valuation point.
• Merrill Lynch Absolute Alpha - Dealing in this fund takes place twice a month: the 15th of the month (or the previous business day if the 15th falls on a weekend or a public holiday) and the last business day of the month. The cut off point is therefore 11am the previous business day.
• Ruffer - Dealing takes place on Wednesdays and the last business day of the month. Orders must be received by 9am on the designated dealing day to be executed at the 10am valuation point.
• Scottish Widows and Scottish Widows Investment Partnership - Valuation points of 8am, 12pm and 2pm are applied and are specific to each fund. Fund orders must be received by 11am. Funds with 12pm and 2pm valuation points will be dealt on the same business day if the order is received by the 11am cut off point. However, to deal in a fund with an 8am valuation point, you must always place your order by 3pm on the previous business day; if your order is placed after 3pm then it will be dealt two business days later.