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SVS Brown Shipley Sterling Bond change details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group SVS Brown Shipley
Fund Name SVS Brown Shipley Sterling Bond
Type of change Closed to all purchases
Date fund closed to new business N/A
Deadline for investors to provide revised fund choice N/A
Closed to all purchases with effect from 03 June 2019
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 achieve a high level of income, with some potential for long term capital growth by investing in a portfolio of fixed interest securities, convertibles, preference shares, loan stocks, debentures and other fixed and permanent interest bearing shares issued by building societies.
4. Charging structure  
Bundled Fund  
Current AMC 1.00
Unbundled Fund  
Current AMC 0.65

 

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