We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund, the OMR Prof Deposit. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund, the OMR Standard Life UK Real Estate Accumulation Feeder. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment directly to their plans. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Prof Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment directly to their plans. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
Old AMC: 1.90%, New AMC: 1.82%
Old AMC: 1.90%, New AMC: 1.82%
Old AMC: 1.90%, New AMC: 1.82%
Old TER: 1.42%, New TER: 1.34%
The underlying fund aims to: (i) provide long-term capital growth over a period of 5 years or more; and (ii) seek to achieve a sustainable investment objective, in line with a responsible investment approach. The underlying fund invests at least 80% of its investments in shares of listed companies of any size which are based anywhere in the world and which the Manager believes will generate both above-average returns and a positive and measurable impact on the planet, incorporating the analysis of environmental, social and governance (ESG) factors.
Dealing will recommence for the valuation point of Friday 3rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by Waystone on the underlying fund.
