The Association of British Insurers (ABI) maintains and updates the ABI Fund Sector definitions. The ABI periodically convenes a committee of ABI members to review the Sectors and their definitions and make updates as relevant. The latest version of the ABI Fund Sector definitions can be found on the ABI website.
LSEG Lipper maintains and publishes the master list of funds that fall into each ABI Fund Sector. The classification of funds and inclusion in the Master List is undertaken based on the Sector chosen by the unit-linked life and pension fund providers as notified to LSEG Lipper, together with the price, reference and portfolio holdings data provided on an ongoing basis.
LSEG Lipper monitors the adherence of funds with the definition of their ABI Fund Sector. Any identified breaches are reviewed by a committee of LSEG and Industry fund experts. Funds that do not adhere to ABI Fund Sector definitions will be moved to an alternative Sector.