| Change Details | |
|---|---|
| Title | Premier Portfolio Managers Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 16 May 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Premier Portfolio Managers Limited |
| Fund Name | Premier Miton Multi-Asset Absolute Return |
| Type of change | Fund Merger |
| Date merger effective from | 16/05/2025 |
| Deadline for investors to switch out if appropriate | 11:00 on 16/05/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| Premier Miton Multi-Asset Absolute Return | Premier Miton Alternative Investments |
| 3. Merger details | |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new fund? | Yes |
| 4. Investment objectives | |
| Previous objective | To provide positive returns, in all market conditions and in excess of returns from the Bank of England Base rate, net of fees, over rolling three year periods. Three years is also the minimum recommended period 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. The investment adviser aims to achieve the fund’s objective by investing in a globally diversified lower risk portfolio of investments covering different asset classes. This will include investments in equities, as well as in fixed income, alternative investments, deposits, cash and near cash. |
| New objective | To provide positive returns over rolling three year periods in all market conditions with less than a quarter of the volatility of the FTSE All-World Index, which may result in the returns from the fund being constrained. Three years is also the minimum recommended period 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. The investment adviser aims to achieve the fund’s objective by investment in a diversified portfolio of investment strategies and investment types with exposure to different asset classes, geographical regions and financial markets. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.00% |
| New AMC | 1.00% |
| Previous TER | 1.34% |
| New TER | 1.17% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.00% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.40% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.33% |
| Unbundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.75% |
| Previous TER | 0.94% |
| New TER | 0.92% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.08% |