Default Replacement Fund: OMR Premier Monthly Income
Closing Fund TER: 1.16%
Default Replacement Fund TER: 1.19%
Objective of Default Replacement Fund: The objective of the fund is to provide an income together with capital growth over the long term, being five years or more. Five years is also the minimum recommended term for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested.
Default Replacement Fund: OMR Allianz UK Listed Opportunities
Closing fund TER: 1.22%
Default Replacement Fund TER: 0.92%
Objective of Default Replacement Fund: The investment objective of the fund is to achieve capital growth, aiming to outperform (net of fees) the Target Benchmark, the FTSE All-Share Index Total Return GBP over a rolling five year period. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
Customers will hold the new fund from 30/08/2022, however this may not be reflected on plans immediately.
New fund: OMR QI Sterling Corporate Bond Fund
TER of new fund: 0.97%
Customers will hold the new fund from 1st August, however this may not be relfected on plans immediately.
To allow this event to take place, the merging fund is currently suspended.
New name: L&G Future World Sustainable UK Equity
New Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index, the (“Benchmark Index”). The Fund aims to outperform the Benchmark Index by 2% per annum, before the deduction of charges and measured over rolling three year periods.
The Fund is actively managed and seeks to achieve this objective by investing at least 90% in shares of companies that the Investment Manager considers to offer sustainable investment opportunities through their contribution towards the United Nations Sustainable Development Goals (“UN SDGs”), have strong growth prospects and are incorporated, headquartered or have their principal business activities in the UK.
New name: L&G Future World Sustainable UK Equity
New Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index, the (“Benchmark Index”). The Fund aims to outperform the Benchmark Index by 2% per annum, before the deduction of charges and measured over rolling three year periods.
The Fund is actively managed and seeks to achieve this objective by investing at least 90% in shares of companies that the Investment Manager considers to offer sustainable investment opportunities through their contribution towards the United Nations Sustainable Development Goals (“UN SDGs”), have strong growth prospects and are incorporated, headquartered or have their principal business activities in the UK.
New Fund: OMR Prof Quilter Investors Cirilium Balanced Blend Portfolio
We previously wrote to customers that were subject to this merger, which included information regarding the Total Expense Ratio (TER) of the replacement fund. We incorrectly stated in the letter that the TER would reduce from 0.87% to 0.65%, however the TER has not changed as a result of the merger, and therefore remains at 0.87%.
We apologise for this error and any confusion that it may have caused.
New Fund: OMR Quilter Investors Cirilium Balanced Blend Portfolio
We previously wrote to customers that were subject to this merger, which included information regarding the Total Expense Ratio (TER) of the replacement fund. We incorrectly stated in the letter that the TER would reduce from 0.87% to 0.65%, however the TER has not changed as a result of the merger, and therefore remains at 0.87%.
We apologise for this error and any confusion that it may have caused.
Receiving Fund: OMR Prof Quilter Investors Cirilium Balanced Blend Portfolio
TER of receiving fund: 0.87%
Customers will be switched to the new fund on 14 March 2022.
The merging fund will be suspended from 4 March.
Receiving Fund: OMR EAB Quilter Investors Cirilium Balanced Blend Portfolio
TER of receiving fund: 1.00%
Customers will be switched to the new fund on 14 March 2022.
The merging fund will be suspended from 4 March.
Receiving Fund: OMR Quilter Investors Cirilium Balanced Blend Portfolio
TER of receiving fund: 0.87%
Customers will hold the new fund from 14 March, however this may not be reflected on plans for up to 4 weeks after this date.
The merging fund will be suspended from 4 March to 15 March.
