This site is for financial advisers only, Click here for the consumer site.

Share

Allianz GI Europe - Closure details

Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited

Fund Name

Allianz Brazil

Allianz Japan

Old Mutual Wealth's platform

Fund Name

Allianz Brazil -U

Allianz Japan –U

Allianz RiskMaster Defensive Multi Asset
Allianz RiskMaster Defensive Multi Asset –U

Allianz Brazil

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Old Mutual Wealth Life Assurance Limited
Fund Group Allianz GI Europe
Fund Name Allianz Brazil
Type of change Closure
Date fund closed to new business 27 January 2016
Deadline for investors to provide revised fund choice 21 April 2016
Date closure effective from 25 April 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
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 capital growth in the long term by investing mainly in the equity markets of Brazil.
4. Charging structure  
Bundled Fund  
Current AMC 1.75
Unbundled Fund  
Current AMC 0.88
Old Mutual Wealth (OMW) Fund  
Current TER 1.83

Allianz Japan

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Old Mutual Wealth Life Assurance Limited
Fund Group Allianz GI Europe
Fund Name Allianz Japan
Type of change Closure
Date fund closed to new business 27 January 2016
Deadline for investors to provide revised fund choice 21 April 2016
Date closure effective from 25 April 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
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 capital growth by investing in leading Japanese shares and other permitted equity-based investments
4. Charging structure  
Bundled Fund  
Current AMC 1.50
Unbundled Fund  
Current AMC 0.75
Old Mutual Wealth (OMW) Fund  
Current TER 1.41

Allianz RiskMaster Defensive Multi Asset

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Allianz GI Europe
Fund Name Allianz RiskMaster Defensive Multi Asset
Type of change Closure
Date fund closed to new business 27 January 2016
Deadline for investors to provide revised fund choice 21 April 2016
Date closure effective from 25 April 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
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 long term capital growth by maintaining a bias towards investments which are considered lower to medium risk but may hold some investments which are considered higher risk.
4. Charging structure  
Bundled Fund  
Current AMC 1.50
Unbundled Fund  
Current AMC 0.75
Old Mutual Wealth (OMW) Fund  


Copy Client Correspondence

Financial Adviser Verification