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Standard Life Ignis Funds Closure details

Standard Life Ignis American Growth

1. Fund details  
Companies impacted Old Mutual Wealth Life Assurance Limited
Fund Group Standard Life formerly Ignis
Fund Name Standard Life Ignis American Growth
Type of change Closure
Date fund closed to new business 21 September 2015
Deadline for investors to provide revised fund choice 20 October 2015
Date closure effective from 22 October 2015
Default fund if no revised fund choice provided OMW Deposit (Old Mutual Wealth Life Assurance Limited)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To achieve above-average growth mainly through capital appreciation, concentrating on well managed growth companies in the USA and Canada, with the provision to invest up to 15% outside North America.
4. Charging structure  
Bundled Fund  
Current AMC N/A
Unbundled Fund  
Current AMC N/A
Old Mutual Wealth (OMW) Fund  
Current TER 1.07

Standard Life Ignis Corporate Bond

1. Fund details  
Companies impacted Old Mutual Wealth Life Assurance Limited
Fund Group Standard Life formerly Ignis
Fund Name Standard Life Ignis Corporate Bond
Type of change Closure
Date fund closed to new business 21 September 2015
Deadline for investors to provide revised fund choice 20 October 2015
Date closure effective from 22 October 2015
Default fund if no revised fund choice provided OMW Deposit (Old Mutual Wealth Life Assurance Limited)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To produce income and capital growth by investing in UK fixed interest securities (which include corporate bonds) and gilts (with the provision to invest up to 15% of the portfolio in fixed interest securities outside the UK).
4. Charging structure  
Bundled Fund  
Current AMC N/A
Unbundled Fund  
Current AMC N/A
Old Mutual Wealth (OMW) Fund  
Current TER 0.82

Standard Life Ignis Pacific Growth

1. Fund details  
Companies impacted Old Mutual Wealth Life Assurance Limited
Fund Group Standard Life formerly Ignis
Fund Name Standard Life Ignis Pacific Growth
Type of change Closure
Date fund closed to new business 21 September 2015
Deadline for investors to provide revised fund choice 20 October 2015
Date closure effective from 22 October 2015
Default fund if no revised fund choice provided OMW Deposit (Old Mutual Wealth Life Assurance Limited)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To achieve maximum capital growth through investment principally in the Far East and the Pacific Basin, but always excluding any investment in Japan.
4. Charging structure  
Bundled Fund  
Current AMC N/A
Unbundled Fund  
Current AMC N/A
Old Mutual Wealth (OMW) Fund  
Current TER 1.15

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