Minimum premiums | Old Mutual Wealth

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Minimum premiums

Products available via Old Mutual Wealth's platform are designed with minimum investment levels, as stated in the relevant product Terms and Conditions.

In certain circumstances, however, it may be that a client may wish to make an investment that is below the published minimum. To help you deliver the outcome your client wants we apply a lower minimum for web applications.

When might it be appropriate to submit an application with a below minimum investment?

There are many circumstances when you might wish to submit an online application for a client with an investment that is below our published minimum level. Some examples could be:

  1. A client is consolidating their pension savings through a series of pension transfers into a Collective Retirement Account. The initial transfer amount is below the minimum published, but subsequent transfers are above the minimum amount (e.g. £500 transfer followed by £25,000 transfer).
  2. The client has invested their full ISA allowance, but has some remaining funds to invest in a CIA.
  3. The client is investing in CIAs on behalf of grandchildren. Whilst the overall amount invested is above the minimum contribution level in the product Terms and Conditions, the amount invested per individual CIA falls below the minimum.

What minimum contributions apply for web based applications?

Product Contribution Minimum contribution on the web Minimum contribution in the product Terms and Conditions
CIA Lump sum £99  £2,500
CIA Regular £50 per month £99 per month
CIB Lump sum £99 £10,000
CRA Lump sum £99 gross (this is the minimum for each source) £3,600 gross or £1,800 from each source
CRA Lump sum (with immediate TFC) £1000 gross (this is the minimum for each source) £3,600 gross or £1,800 from each source. Min Additional Designation (Top-Up) £1000 gross
CRA Monthly regular £50 gross (this is the minimum for each source) £99 gross or £50 from each source
CRA Annual regular £600 gross per annum (this is the minimum for each source) £3600 gross or £1800 from each source
CRA Transfer £99 gross £3,600
CRA Transfer (with immediate TFC) £1000 gross (this is the minimum for each source) £3,600
ISA Lump sum £99 £2,500
ISA Regular £50 per month £99 per month


Why have Old Mutual Wealth introduced these minimum contributions on the web?

We introduced lower minimum contributions via our web application process to allow you as advisers more flexibility in submitting below-minimum investment business for clients, where there is a need to do so.

If I submit a below-minimum application will it be rejected?

No, we will not reject any applications that are above our web minimum contribution. However we do monitor and report on how such business that is below our published minimums is applied, to ensure the right client outcome.

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