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OMW Prof Fidelity Cash Merger details 

1. Fund details  
Companies impacted Professional Life Assurance Company Limited
Fund Group Fidelity Investment Services UK Limited
Fund Name Fidelity Cash
Type of change Merger
Date merger effective from 24 October 2016
Deadline for investors to switch out if appropriate 21 October 2016
Is the event subject to shareholder approval? Approved
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Fidelity Cash
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To maintain capital value whilst producing income by investing in a diversified range of money market instruments, other short term investments and transferable securities.
New fund objective To maintain capital value whilst producing income by investing primarily in a diversified range of sterling denominated money market instruments, other short-term investments and transferable securities.
4. Charging structure  
Old Mutual Wealth Professional (PLAC) Fund  
Previous TER 0.42%
New TER 0.17%


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