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.
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
The fund was incorrectly noted as suspended when policies came to ReAssure from Old Mutual. The fund is available for new investment and the online information has been updated.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by Fidelity that they are closing this fund to all purchases. This means customers are not able to pay into the fund whilst the suspension is in place.
The fund is still open for redemptions, so customers are still able to withdraw and switch out of the fund.
Default Replacement fund: OMR Deposit
Closing fund TER: 1.50%
Default Replacement fund TER: 0.11%
Following recent events in Ukraine and the volatile market conditions that have resulted, particularly in those assets linked to the Russian economy, we have been advised that the original default replacement fund for this closure, the OMR ASI Eastern Europe fund, has been suspended until further notice. Therefore we have taken the decision to return proceeds from this sale in the form of units in the OMR Deposit fund, shortly after receipt from Invesco.
Please note: the OMR Deposit fund is not intended as a long-term investment and it’s important that you review your investment and change as necessary.
