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06/05/2014

Following the launch in March 2014 of the innovative RS GBP Investec FTSE™ 100 Defensive Autocall Fund, available through its UK offshore portfolio bond, Skandia International has today announced the launch of a second issue.

Following the launch of the innovative RS GBP Investec FTSE™ 100 Defensive Autocall Fund available through its UK offshore portfolio bond in March this year, Skandia International has today announced the launch of a second issue.

The fund is exclusive to the Skandia International offshore portfolio bond wrapper and aims to repay the initial investment as well as delivering a return of 7% a year, provided the FTSE™ 100 is above a specified level (Autocall level) on a specified date (Autocall date). 

This issue of the fund is available for investment from 28 April 2014 until 6 June 2014, following which a new version will launch every six weeks, until October 2014.  

Mark Tully, Head of Structured Solutions at Skandia International, comments:

“We are happy to be working with Investec on a second issue of the Autocall linked fund. The demand for structured solutions, offering the potential for steady returns with an element of capital protection, is increasing as investor confidence in the UK economy grows. By making this fund available through our offshore bond wrapper we are offering advisers and their client’s greater flexibility in how they construct investment portfolios. ”

To find out more about the RS GBP Investec FTSE™ 100 Defensive Autocall Fund Issue 2 click here.

Skandia International is registered as a business name of Royal Skandia Life Assurance Limited

For more information contact

Amelie ShepherdOld Mutual Wealth02380 916 09107834 499 596
Sophie LentonOld Mutual Wealth02380 916 77007834 499 558

Notes to Editors:

Old Mutual Wealth is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Old Mutual Wealth oversees £131.3 billion in customer investments (as at 30 September 2017).

It has an adviser and customer offering spanning: Financial advice; investment platforms; multi-asset and single strategy investment solutions; and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Old Mutual Wealth’s multi-asset investment solutions business.

Old Mutual Global Investors (‘OMGI’) is the asset management business of Old Mutual Wealth with £39.8bn funds under management (as at 30 September 2017). On the 19th December 2017, Old Mutual Wealth announced that it has agreed to sell its Single Strategy asset management business to the Single Strategy Management team and funds managed by TA Associates. The proposed transaction is subject to customary closing conditions, including regulatory approvals. 

Following managed separation from Old Mutual plc, Old Mutual Wealth will rebrand to Quilter plc. Each of the businesses within the Quilter Plc group will be rebranded over a two-year period, with the exception of Quilter Cheviot, which will retain its existing name.

Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 19.4 million (as at 31 December 2016) customers across the world and has a total of £212.3 billion of assets under management (as at 30 June 2017).

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