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Old Mutual Shield 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 Commerz Funds Solutions S.A.
Fund Name Old Mutual Shield
Type of change Closure
Date fund closed to new business Monday 9 November 2015
Deadline for investors to provide revised fund choice Friday 11 December 2015
Date closure effective from Tuesday 15 December 2015
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
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 investors with long-term capital growth equivalent to that achieved by a diversified portfolio of international investments. The Fund also aims to limit the extent of any drop in value due to market falls, by providing a Protected Share Price. This aims to ensure that the price of shares will be at least 80% of the highest price (Net Asset Value) that they have ever achieved.  
4. Charging structure  
Bundled Fund  
Current AMC 0.80
Old Mutual Wealth (OMW) Fund  
Current TER 1.00

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