New Fund Name:
OMR FTF ClearBridge UK Equity Income Fund
We confirm we are expecting to receive a seventh payment from M&G which we will be passing on to customers shortly after. Those customers invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR M&G Feeder of Property Portfolio > OMR L&G Property Feeder
AL M&G Property > AL abrdn Property
M&G Feeder of Property Portfolio (Life & Pension) > L&G Property Feeder.
We will be issuing a letter to customers shortly after the units have been added to plans. We expect to receive further payments in future and will provide further information when we do.
On 12 September 2025 we were informed by Ninety One Fund Managers UK Limited that the OMR Ninety One Emerging Markets Local Currency Debt Fund would be merged with the OMR Ninety One Emerging Markets Blended Debt Fund on 10 October 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR Ninety One Emerging Markets Blended Debt Fund
Closing Fund TER: 1.38%
Default Replacement Fund TER: 1.27%
Objective of Default Replacement Fund:
The Fund aims to provide income and capital growth (to grow the value of your investment) over at least five years. The Fund invests primarily (at least two-thirds) in bonds (or similar debt-based assets) issued by emerging market borrowers or borrowers that have significant economic exposure to emerging markets (that have less developed economies). These bonds (or similar debt-based assets) may be denominated in either local currencies (the currency of the issuing country) or hard currencies (globally traded major currencies).
They may have any credit rating or be unrated and may be issued by any borrower e.g. governments or companies. 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 be invested in the new fund from 10/10/2025, but these changes may not be visible until up to two weeks following this date.
On 15 September 2025 we were informed by Franklin Templeton Investment Management Limited that the OMR FTF Martin Currie US Unconstrained Fund would be merged with the OMR FTF Franklin US Opportunities Fund on 3 October 2025 and as a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR FTF Franklin US Opportunities Fund
Closing Fund TER: 0.85%
Default Replacement Fund TER: 0.80%
Objective of Default Replacement Fund:
The Fund aims to increase in value through investment growth over a period of five years or more (after all fees and costs are deducted). The Fund invests at least two thirds (but typically significantly more) in the shares of companies of any size, listed on the United States’ stock markets. 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 be invested in the new fund from 3 October 2025, but these changes may not be visible until up to two weeks following this date.
On 5 September 2025 we were informed by SVM Asset Management Limited that the SVM Continental Europe Fund would be merged with the RGI European Fund on 19 September 2025 and, as a result, there will be a change to the fund customers currently hold.
Default replacement fund: OMR RGI European Fund
Closing Fund TER: 1.62%
Default Replacement Fund TER: 0.90%
Objective of Default Replacement Fund:
The investment objective of the fund is to achieve a return (income and growth in the value of your investment (known as “capital growth”)) over a rolling period of at least five years, by investing in a core concentrated portfolio of shares of European companies (typically numbering between 30 and 50). A rolling period of at least five years has been chosen because it is broadly similar to the length of an average business cycle.
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 be invested in the new fund from 19 September 2025, but these changes may not be visible until up to two weeks following this date.
New Investment Objective:
To provide the potential for long term growth by investing directly or indirectly into a portfolio of North American securities, which may be selected from all economic sectors.
New Investment Objective:
To provide the potential for long term growth by investing directly or indirectly into a portfolio of North American securities, which may be selected from all economic sectors.
Old TER: 0.90%
New TER: 0.77%
New Fund Name:
Aegon Investment Grade Bond Fund
Current IMC: 0.53%
New IMC: 0.39%
