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Objective and policy changes

Name Description Fund Range Effective Date
LF Prudential Dynamic (Various) Name, Objective and AMC change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 21 Jan 2019
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Please note: the fund is also changing it's Name and Annual Management Charge.
For information:Orange arrowview change details.
LF Prudential Dynamic Focused Portfolio (Various) Name, Objective and AMC change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 21 Jan 2019
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Please note: the fund is also changing it's Name and Annual Management Charge.
For information:Orange arrowview change detail.
Aviva Investors UK Equity & Aviva Investors UK Opportunities Name and objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 02 Jan 2019
Old objective

Aviva Investors UK Equity: Long term capital appreciation and income.

Aviva Investors UK Opportunities: Long term capital appreciation and income.

New objective

Aviva Investors UK Equity:

The Fund aims to grow your investment through a combination of capital growth and income over the long term (5 years or more) by investing in shares of UK companies.

Aviva Investors UK Opportunities:

The Fund aims to grow your investment and generate a higher return than the FTSE All-Share Index over the long term (5 years or more) by investing in shares of UK companies.

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Please note: the funds are also changing their names to Aviva Investors UK Listed Equity Unconstrained & Aviva Investors UK Listed Equity High Alpha.
Aviva Investors UK Growth (-U) Name & Objective Change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 02 Jan 2019
Old Objective

To provide long-term capital appreciation through investment principally in UK equities based on price and prospects of above average earnings growth.

New Objective

To grow your investment over the long term (5 years or more) by investing in shares of small and medium sized UK companies. At least 80% of the fund will be invested in shares of UK companies, or non-UK companies, which are listed in the UK or which have significant trading activities in the UK.

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Please note: the fund is also changing its name to Aviva Investors UK Listed Small and Mid-Cap (-U).
Schroder UK Alpha Plus Objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 02 Jan 2019
Current Objective

The Fund aims to provide capital growth by investing in equity and equity related securities of UK Companies.

New Objective

The Fund aims to provide capital growth in excess of the FTSE All Share Total Return index (net of fees) over the market cycle (typically three to five years) by investing in equity and equity related securities of UK companies.

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Please note: there will be no changes to the IA sector, TW sector or the Fund Type for Illustrations.
Unicorn Asset Management (various funds) Objective changes Old Mutual International Guernsey Limited, Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 27 Dec 2018
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Legg Mason IF Martin Currie European Equity Income Name & objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 17 Dec 2018
Old objective

To provide an annual yield in excess of the MSCI Europe (ex UK) Index (Net) as well as the potential for capital growth through investment in Continental Europe, by investing at least 80% of its net asset value in securities of companies listed in Continental Europe.

New objective

To provide long-term capital appreciation through investment in a concentrated portfolio comprised of at least 80% of its net asset value in European (excluding UK) equities.

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Please note: there will be no change to the IA sector, TW sector or Fund Type for Illustrations.
JPM US Smaller Companies (-U) Name, Investment Objective & Policy Changes Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 10 Dec 2018
Old objective

To provide long-term capital growth by investing primarily in US smaller companies.

New objective

To provide long-term capital growth by investing primarily in a growth style biased portfolio of small capitalisation US companies.

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Please note: there will be no change to the IA sector, TW sector or Fund Type for Illustrations.
Unicorn UK Smaller Companies -U Objective change Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 26 Nov 2018
Old Objective

To achieve long-term capital growth by investing predominantly in shares in smaller UK companies where a smaller company is defined as a constituent of the Numis Smaller Companies Index.

New Objective

To achieve long- term capital growth by investing primarily in UK companies included within the UK Numis Smaller Companies plus AIM Index.

 

Artemis Strategic Assets Objective and Policy change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 12 Nov 2018
Old Objective

To achieve long-term growth through investment in a portfolio of UK and international assets.

New Objective

To grow the value of investment by at least 3% above the Consumer Price Index (CPI) after fees, annualised over a five year period by strategically allocating the fund’s assets within a diversified range of asset classes in markets around the world.

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Please note: there will be no changes to the IMA sector, TW sector or the Fund Type for Illustrations.
The Vanbrugh Fund -U Name and objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 09 Nov 2018
Old objective

To provide capital growth and income. The fund’s portfolio will consist primarily of a diversified range of open and closed ended funds, although significant exposure to other investments such as fixed interest securities are expected to be included in the portfolio from time to time. The portfolio will be actively managed, with the Investment Manager seeking to take advantage of inefficiencies in the pricing of closed ended funds and significant movements in financial markets.

New objective

To provide capital growth and income. The fund’s portfolio will consist primarily of a diversified range of open and closed ended funds which will be actively managed, with the Investment Manager seeking to take advantage of inefficiencies in the pricing of closed ended funds and significant movements in financial markets.

Through its investments in these collectives, the portfolio will be exposed to a range of asset classes (such as equities, bonds, property and commodities), underlying currencies, geographic spread and funds managed by a variety of fund management groups and style of investment manager.

Architas MA Active (Various) Objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 01 Nov 2018
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Please note: there will be no change to the IA sector, TW sector or Fund Type for Illustrations.
For information:Orange arrowview change details.
Baillie Gifford Active Gilt Plus Name, Objective and AMC change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 01 Nov 2018
Old Objective

To produce a total return, before charges and expenses payable out of the fund, in excess of the total return on the FTSE Actuaries UK Conventional Gilts All Stocks Index, or any successor or substitute index, by 1.5% per annum over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The fund will invest primarily in: UK government bond, overseas government bonds and quasi-government bonds, some of which may be issued by developing countries.

New objective

To produce a total return, before charges and expenses payable out of the fund, in excess of the total return on the FTSE Actuaries UK Conventional Gilts All Stocks Index, or any successor or substitute index, by 0.5% per annum over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The fund will invest primarily in: UK government bonds and may also invest in: overseas government bonds and quasi-government bonds.

L&G UK Select Equity Objective & Policy Change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 01 Nov 2018
Old Objective

To generate growth by investing predominantly in shares of UK companies. The fund has a target to outperform the FTSE All Share Index by 1.25% per annum before charges, measured over rolling three-year periods.

New Objective

To generate growth by investing predominantly in shares of UK companies. The fund has a target to outperform the FTSE All Share Index by 3% per annum before charges, measured over rolling three-year periods.

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Please note: there will be no changes to the IMA sector, TW sector or the Fund Type for Illustrations.
JPM Global Macro Balanced Name and Objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 31 Oct 2018
HSBC Open Global Distribution Name and Investment Policy Change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 29 Oct 2018
Current Derivative Policy

Derivatives are used for Efficient Portfolio Management only.

New Derivative Policy

Derivatives are used for Efficient Portfolio Management and Investment Purposes.

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Please note: funds are also changing names. There will be no change to the IMA sector, TW sector or Fund Type for Illustrations.
Investec Diversified Growth Objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 05 Oct 2018
Old Objective

To aim to provide long term real returns measured in Sterling through a combination of income and capital growth by investing primarily in a globally diversified portfolio of assets.

New Objective

To provide long term real returns measured in Sterling through a combination of income and capital growth by investing primarily in a globally diversified portfolio of assets. The fund targets a return of UK CPI + 5% (gross of fees) per annum over rolling 5 year periods.

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Please note: there will be no changes to the IMA sector, TW sector or the Fund Type for Illustrations.
Baillie Gifford Global Income Growth Objective and policy change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 30 Sep 2018
M&G Episode Growth Objective change Old Mutual Wealth Life Assurance Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 31 Aug 2018
Current Objective

To maximise total return (the combination of income and growth of capital) by investing in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash.

New Objective

To deliver a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of a composite index comprising two thirds global equities and one third global bonds (as measured by the MSCI ACWI and Bloomberg Barclays Global Aggregate Index respectively), over any five-year period.

 

The fund is a multi-asset fund that invests across a range of asset classes, including equities, fixed income securities, convertibles, cash and near cash. Exposure to the assets may be gained either directly or indirectly via collective investment schemes or derivatives. The fund may also invest indirectly via collective investment schemes or derivatives in other asset classes such as property and gold.

M&G Episode Allocation & M&G Managed Growth Old Mutual Wealth Life Assurance Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 31 Aug 2018
For information:Orange arrowview change details
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