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LF Canlife Total Return -U change details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group LF Canada Life Investments
Fund Name LF Canlife Total Return
Type of change Closure
Closed to new business 31 January 2019
Date fund closed to all purchases 25 February 2019
Deadline for investors to provide revised fund choice 26 March 2019
Date closure effective from 28 March 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 provide a positive total return, both relative and absolute, throughout varying market conditions. Capital is at risk and there is no guarantee that a positive return will be delivered over any one or any number of 12 month periods. The fund intends to meet its investment objective by permanently investing not less than 85% of its assets in units of the Putnam Total Return fund.
4. Charging structure  
Unbundled Fund  
Current AMC 0.75

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