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

Share

Optimum Fund Closure details

Optimum Enterprise

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Optimum Investment Management
Fund Name Optimum Enterprise
Type of change Closure
Date fund closed to new business Friday 6 May 2016
Deadline for investors to provide revised fund choice Tuesday 7 June 2016
Date closure effective from Thursday 9 June 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 aim to achieve capital growth, whilst maintaining a moderate to moderately low level of volatility (variation of returns) over the medium to long term. The fund aims to achieve its objective by investing in a broad range of collective investment schemes (which may include those schemes operated or advised by a Henderson group company), transferable securities (including investment trusts) and exchange traded funds (ETFs), which mainly provide exposure to UK and international equities and fixed income
4. Charging structure  
Bundled Fund  
Current AMC 1.50
Unbundled Fund  
Current AMC 0.75

Optimum Global Income

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Optimum Investment Management
Fund Name Optimum Global Income
Type of change Closure
Date fund closed to new business Friday 6 May 2016
Deadline for investors to provide revised fund choice Tuesday 7 June 2016
Date closure effective from Thursday 9 June 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 aim to achieve an income with long term capital growth, whilst maintaining a moderate level of volatility (variation of returns) over the medium to long term. The fund aims to achieve its objective by investing in a broad range of collective investment schemes (which may include those schemes operated or advised by a Henderson group company), transferable securities (including investment trusts) and exchange traded funds (ETFs), which mainly seek exposure to a mix of equities and fixed income assets.
4. Charging structure  
Bundled Fund  
Current AMC 1.50
Unbundled Fund  
Current AMC 0.75

Optimum High Alpha

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Optimum Investment Management
Fund Name Optimum High Alpha
Type of change Closure
Date fund closed to new business Friday 6 May 2016
Deadline for investors to provide revised fund choice Tuesday 7 June 2016
Date closure effective from Thursday 9 June 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 aim to achieve long term capital growth, whilst maintaining a higher level of volatility (variation of returns) over the medium to long term. The fund aims to achieve its objective by investing in a broad range of collective investment schemes (which may include those schemes operated or advised by a Henderson group company), transferable securities (including investment trusts) and exchange traded funds (ETFs), which mainly provide exposure to UK and international equities and fixed income.
4. Charging structure  
Bundled Fund  
Current AMC 1.50
Unbundled Fund  
Current AMC 0.75

Optimum Strategic Income

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Optimum Investment Management
Fund Name Optimum Strategic Income
Type of change Closure
Date fund closed to new business Friday 6 May 2016
Deadline for investors to provide revised fund choice Tuesday 7 June 2016
Date closure effective from Thursday 9 June 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 aim to achieve an income with some prospect for capital growth, whilst maintaining a low level of volatility (variation of returns) over the medium to long term. The fund aims to achieve its objective by investing predominantly in a broad range of collective investment schemes (which may include those schemes operated or advised by a Henderson group company), transferable securities (including investment trusts) and exchange traded funds (ETFs) that invest across a broad range of fixed income asset classes.
4. Charging structure  
Bundled Fund  
Current AMC 1.50
Unbundled Fund  
Current AMC 0.75

 

Copy Client Correspondence

Financial Adviser Verification