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FAQ

Question:

I was paying regular contributions into one of the affected property funds. When the fund suspended you diverted my contributions into Black Rock cash (Wealth products)/OMW Deposit fund (OMWLA products). Now that the fund suspension has been lifted, do you need a new regular contribution instruction to restart my payments?

Answer:

This will depend on the type of investment you hold, as follows:

Old Mutual Wealth products, as follows:

  • Individual Savings Account (ISA)
  • Collective Investment Account (CIA)
  • Collective Retirement Account (CRA)
  • Collective Investment Bond (CIB)
  • Offshore Collective Investment Bond (OCIB

Old Mutual Wealth Life Assurance Limited products (or any products not listed in the left-hand column).

 

 

No new instruction is needed; regular contributions will automatically revert back to the original fund, as per your original request.

A new instruction is needed if you want to re-start your regular contributions into the original fund. In the meantime, we will continue to invest your contributions into the OMW Deposit fund.