The Financial Conduct Authority (FCA) recently carried out an Asset Management Market Study (PS19/4) and found that the fund objectives and policies quoted by fund managers are not as clear or as helpful as they could be, and also that there is a lack of consistency in how fund benchmarks are presented.
As a result of this FCA review, a number of fund groups have notified us that they have amended the investment objective wording for their fund ranges to adhere to the FCA guidelines.
Where the amendments are being made for clarification purposes only, and do not alter either the way in which the fund is managed or the risk profile of the fund, we will not be writing to customers or sending adviser emails. We will, however, update the relevant fund disclosure available on our website. If we are advised by fund managers of changes to the way a fund is being managed or to the risk profile we will notify accordingly.
We want to keep you up-to-date with changes to our extensive fund ranges. Below you can see the most recent additions and amendments to our fund ranges. For more detail, select one of the links to the left or search our archive.
FP Crux x2
Old Mutual Wealth Limited,
Old Mutual Wealth Life & Pensions Limited
and Old Mutual Wealth Life Assurance Limited
Effective Date: 28 Sep 2019
Quilter Investors Global Best Ideas
Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited and Old Mutual Wealth Life Assurance Limited
Effective Date: 27 Sep 2019