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Fund news

The Financial Conduct Authority (FCA) recently carried out an Asset Management Market Study (PS19/4) and found that the fund objectives and policies quoted by fund managers are not as clear or as helpful as they could be, and also that there is a lack of consistency in how fund benchmarks are presented.

As a result of this FCA review, a number of fund groups have notified us that they have amended the investment objective wording for their fund ranges to adhere to the FCA guidelines.
Where the amendments are being made for clarification purposes only, and do not alter either the way in which the fund is managed or the risk profile of the fund, we will not be writing to customers or sending adviser emails. We will, however, update the relevant fund disclosure available on our website. If we are advised by fund managers of changes to the way a fund is being managed or to the risk profile we will notify accordingly.

We want to keep you up-to-date with changes to our extensive fund ranges. Below you can see the most recent additions and amendments to our fund ranges. For more detail, select one of the links to the left or search our archive.

Suspensions Suspensions
Name changes
  • Kestrel Partners LLP Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited Effective Date: 09 Dec 2019
  • M&G Global Recovery Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited Effective Date: 06 Dec 2019
  • OMW Alfred Berg (various) Old Mutual Wealth Life Assurance Limited Effective Date: 02 Dec 2019
  • TM Sanditon (various) Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited Effective Date: 01 Dec 2019
  • TM Sanditon European Select -U Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited Effective Date: 01 Dec 2019
Name changes
Mergers
  • Janus Henderson UK Index Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited Effective Date: 06 Dec 2019
  • Barings Dynamic Capital Growth Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual Wealth Life Assurance Limited Effective Date: 04 Dec 2019
  • Schroder Dynamic Multi Asset Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual Wealth Life Assurance Limited Effective Date: 02 Dec 2019
  • Odin Finland Old Mutual Wealth Life Assurance Limited Effective Date: 25 Nov 2019
Mergers
Charges and commission
  • Franklin (various) Old Mutual Wealth Life Assurance Limited, Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited Effective Date: 30 Nov 2019
Charges and comission
Other events
  • Orbis x2 Conversions Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited Effective Date: 16 Dec 2019
Other events

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