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

Share

Standard Life Ignis Balanced Growth Details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Standard Life formerly Ignis
Fund Name Standard Life Ignis Balanced Growth
Type of change Merger
Date merger effective from 26 October 2015
Deadline for investors to switch out if appropriate 22 October 2015
Is the event subject to shareholder approval? Yes
Will the event result in a Charge Basis change for CIA and ISA clients on Charge Basis 1 or 2? Yes
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Standard Life UK Equity High Alpha
Will the phasing option automatically continue with the new fund replacing the previous fund? Yes
Will the rebalancing option automatically continue with the new fund replacing the previous fund? Yes
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To maximise total return from both capital appreciation and income through an actively managed portfolio of equities and fixed interest investments, focusing on growth companies and special situations, mainly in the UK.
New fund objective To maximise returns whilst maintaining a balance between capital appreciation and income. The Fund is to invest mostly in UK equities and equity type investments of companies listed on the UK stock exchange or which, in the opinion of the ACD, carry on a substantial part of their operations in the UK.
4. Charging structure  
Bundled Fund  
Previous AMC 1.50
New AMC 1.50
Previous TER 1.59 (Inc), 1.60 (Acc)
New TER 1.62 (Inc & Acc)
Previous Reimbursed Amount (Charge Basis 2) 0.50
New Reimbursed Amount(Charge Basis 2) 0.50
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.75
New Reimbursed Rebate Rate (Charge Basis 3) 0.70
Unbundled Fund  
Previous AMC 0.75
New AMC 0.75
Previous TER 0.90
New TER 0.92
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.00
New Reimbursed Rebate Rate (Charge Basis 3) 0.00

Copy Client Correspondence 

 

Financial Adviser Verification