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Old Mutual Global Equity Income Closure Details

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 Global Equity Income
Type of change Closure
Date fund closed to new business 17 August 2015
Deadline for investors to provide revised fund choice 11 September 2015
Date closure effective from 14 September 2015
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
OMW Old Mutual Global Equity Income (IRL) /
OMW EAB Old Mutual Global Equity Income (IRL)
(Old Mutual Wealth Life Assurance Limited)
Is the event subject to FCA approval? Yes
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 income with some long-term capital growth.  The fund will invest in a portfolio of predominantly global equities either directly in transferable securities or, up to a maximum of 10% of the scheme property through collective investment schemes (including those managed and operated by the ACD or associates of the ACD) in order to provide exposure to global equities.
4. Charging structure  
A share class  
Current AMC 1.25
S share class  
Current AMC 1.00
Unbundled Fund  
Current AMC 0.75
Old Mutual Wealth (OMW) Fund  
Current TER 1.09
Old Mutual Wealth (OMW) EAB Fund  
Current TER 1.00

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