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TB Wise Strategic merger details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group T. Bailey Fund Services Limited
Fund Name TB Wise Strategic
Type of change Merger
Date merger effective from 3 October 2016
Deadline for investors to switch out if appropriate 29 September 2016
Is the event subject to shareholder approval? Yes - Approved
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) TB Elite Strategic
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 provide capital growth over the medium to long term in excess of deposit account returns and inflation by investing in collective investment schemes although other investments may also be held, including money market instruments and deposits.  These will include funds investing in UK and overseas equities, fixed interest securities and cash.
New fund objective To provide capital growth over the medium to long term in excess of deposit account returns and inflation (based on the Consumer Prices Index (CPI) or such other preferred measure used by the Bank of England to track inflation).   The fund will invest in collective investment schemes that invest in UK and overseas equities, fixed interest securities and cash.   
4. Charging structure  
Bundled Fund  
Previous AMC 1.44%
New AMC 1.44%
Previous TER 2.69%
New TER 2.81%
Previous Reimbursed Amount (Charge Basis 2) 0.50%
New Reimbursed Amount (Charge Basis 2) 0.50%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.65%
New Reimbursed Rebate Rate (Charge Basis 3) 0.65%
Unbundled Fund  
Previous AMC 0.79%
New AMC 0.79%
Previous TER 2.04%
New TER 2.16%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%


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