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VT Multi-Asset DRP change details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Valu-Trac Investment Management Limited
Fund Name VT Multi-Asset DRP III
Type of change Closure
Date fund suspended 17 December 2018
Date closure effective from 31 January 2019
Default fund for Direct Debits Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Fund objective  
Current fund objective To deliver long term capital growth from a broadly cautious approach to investing whilst ensuring that the overall volatility of the portfolio remains within its set volatility band that is typical for a cautious risk fund. The Fund will seek to achieve its cautious objective through investment predominantly in derivative contracts (“Swaps”).  
3. Charging structure  
Bundled Fund  
Current AMC 0.95
Unbundled Fund  
Current AMC 0.20

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Valu-Trac Investment Management Limited
Fund Name VT Multi-Asset DRP IV
Type of change Closure
Date fund suspended 17 December 2018
Date Closure effective from  31 January 2019
Default fund for Direct Debits Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Fund objective  
Current fund objective To deliver long term capital growth from a broadly moderate approach to investing whilst ensuring that the overall volatility of the portfolio remains within its set volatility band that is typical for a moderate risk fund.  The Fund will seek to achieve its moderate objective through investment predominantly in derivative contracts (“Swaps”).  
3. Charging structure  
Bundled Fund  
Current AMC 0.95
Unbundled Fund  
Current AMC 0.20

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Valu-Trac Investment Management Limited
Fund Name VT Multi-Asset DRP V
Type of change Closure
Date fund suspended 17 December 2018
Date Closure effective from  31 January 2019
Default fund for Direct Debits Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Fund objective  
Current fund objective To deliver long term capital growth from a broadly balanced approach to investing whilst ensuring that the overall volatility of the portfolio remains within its set volatility band that is typical for a balanced risk fund. The Fund will seek to achieve its balanced objective through investment predominantly in derivative contracts (“Swaps”). 
3. Charging structure  
Bundled Fund  
Current AMC 0.95
Unbundled Fund  
Current AMC 0.20

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Valu-Trac Investment Management Limited
Fund Name VT Multi-Asset DRP VI
Type of change Closure
Date fund suspended 17 December 2018
Date Closure effective from  31 January 2019
Default fund for Direct Debits Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Fund objective  
Current fund objective To deliver long term capital growth from a broadly balanced approach to investing whilst ensuring that the overall volatility of the portfolio remains within its set volatility band that is typical for a balanced risk fund. The Fund will seek to achieve its balanced objective through investment predominantly in derivative contracts (“Swaps”). 
3. Charging structure  
Bundled Fund  
Current AMC 0.95
Unbundled Fund  
Current AMC 0.20

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Valu-Trac Investment Management Limited
Fund Name VT Multi-Asset DRP VII
Type of change Closure
Date fund suspended 17 December 2018
Date Closure effective from  31 January 2019
Default fund for Direct Debits Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Fund objective  
Current fund objective To deliver long term capital growth from a broadly motivated approach to investing whilst ensuring that the overall volatility of the portfolio remains within its set volatility band that is typical for a motivated risk fund. The Fund will seek to achieve its objective through investment predominantly in derivative contracts (“Swaps”). 
3. Charging structure  
Bundled Fund  
Current AMC 0.95
Unbundled Fund  
Current AMC 0.20

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Valu-Trac Investment Management Limited
Fund Name VT Multi-Asset DRP VII
Type of change Closure
Date fund suspended 17 December 2018
Date Closure effective from  31 January 2019
Default fund for Direct Debits Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Fund objective  
Current fund objective To deliver long term capital growth from a broadly adventurous approach to investing whilst ensuring that the overall volatility of the portfolio remains within its set volatility band that is typical for a adventurous risk fund. The Fund will seek to achieve its adventurous objective through investment predominantly in derivative contracts (“Swaps”). 
3. Charging structure  
Bundled Fund  
Current AMC 0.95
Unbundled Fund  
Current AMC 0.20


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