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Old Mutual Generation Target 4:4 changes

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 Old Mutual Investment Management Limited
Fund Name Old Mutual Generation Target 4:4
Type of change Name, objective and AMC change
Date change effective from 1 October 2015
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name Old Mutual Generation Target 4:4
New fund name Old Mutual Generation Target 4
3. Fund objectives
Previous fund objective To achieve an annual return of 4% above the UK rate of inflation over rolling 7 year periods through a combination of the returns on income and capital by gaining exposure to a diversified range of asset classes. Out of this return, the fund aims to provide a regular income of 4% per annum.
New fund objective To achieve an annual return of 4% above the UK rate of inflation over the medium term through a combination of the returns on income and capital by gaining exposure to a diversified range of asset classes.
4. Change to charging structure
Bundled Fund  
Previous AMC 1.25
New AMC 1.35
Previous TER 2.00
New TER 1.97
Previous Reimbursed Amount (Charge Basis 2) 0.50
New Reimbursed Amount (Charge Basis 2) 0.50
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.80
New Reimbursed Rebate Rate (Charge Basis 3) 0.80
Unbundled Fund  
Previous AMC 0.50
New AMC 0.60
Previous TER 1.25
New TER 1.22
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.05
New Reimbursed Rebate Rate (Charge Basis 3) 0.05
WealthSelect Fund  
Previous AMC 0.40
New AMC 0.50
Previous TER 1.15
New TER 1.12
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.00
New Reimbursed Rebate Rate (Charge Basis 3) 0.00
Old Mutual Wealth (OMW) Fund  
Previous TER 1.52
New TER 1.49

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