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Name Description Fund Range Effective Date
OMW Lifestyle Deposit Objective and policy change Old Mutual Wealth Life Assurance Limited 16 May 2013
Current objective

The fund invests solely in the OMW Deposit Fund. The aim of the underlying investment is to provide a return, before charges and taxation, equivalent to the Sterling three month market rates. It invests in a portfolio of deposits held in high quality approved credit institutions and in approved securities.

New objective

The fund invests solely in the OMW Deposit Fund. The aim of the underlying fund is to maximise current income consistent with preservation of principal and liquidity by the maintenance of a portfolio of a high quality short-term money market instruments. These types of securities, instruments and obligations may be issued by both UK and non-UK issuers, but shall be denominated in sterling. The return and/or the value of the fund may fluctuate with changes in interest rates and there is a possibility of the default of the underlying assets and reducing capital values.