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FP Apollo Multi Asset Defensive Closure details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual Wealth Life Assurance Limited
Fund Group Fund Partners Limited
Fund Name FP Apollo Multi Asset Defensive
Type of change Closure
Date closure effective from 5 February 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB)
OMW Deposit (Old Mutual Wealth Life Assurance Limited)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To provide investment returns in all market conditions over the medium to longer term by investing in a range of assets including collective investment schemes, closed ended funds, transferable securities and/or money market instruments.
4. Charging structure  
Bundled Fund  
Current AMC 1.50%
Unbundled Fund  
Current AMC 0.75%
Old Mutual Wealth (OMW) Fund  
Current TER 4.61%

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