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PIMCO Select UK Income Bond closure details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group PIMCO Global Advisors (Ireland) Ltd
Fund Name PIMCO Select UK Income Bond
Type of change Closure
Date fund closed to new business 29 September 2016
Deadline for investors to provide revised fund choice 2 November 2016
Date closure effective from 4 November 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB)
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 seek to maximise current income, consistent with prudent investment management. Long term capital appreciation is a secondary objective. The fund invests at least two-thirds of its assets in a diversified portfolio of GBP-denominated bonds and other Fixed Income Instruments of varying maturities. 
4. Charging structure  
Bundled Fund  
Current AMC 1.39%

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