The facility described in this document relates solely to the Collective Investment Account (CIA) and the Individual Savings Account (ISA) available on our platfom. The plan manager for both of these accounts is Old Mutual Wealth Limited

Re-registration allows your clients to consolidate their fund investments under one administrative umbrella.

It is only possible to re-register a fund if it is available on the platform in the same share class. A fund’s availability for re-registration can be checked by looking at the re-registration column in the Funds List.

Where funds cannot be re-registered it is still possible to consolidate all investments in one place by transferring these to the platform.

Consolidation is achieved using a re-registration process which transfers existing fund investments to the platform. This means that your clients will retain their existing funds, which will then be administered centrally by Old Mutual Wealth Limited rather than by each of the individual investment houses.

This also means that clients will receive one consolidated half-yearly statement showing their investments in one place, rather than receiving a range of statements from different fund managers throughout the year.

• Re-registration simply means changing the name of the unit/share holder on the Register of Holders.*

• No sale and re-purchase is needed hence no dealing costs for the investor.

• No capital gain/loss is created on re-registration and therefore there is no capital gains tax consideration.

• The investor will always remain invested in the market.

• There are no initial and investor charges for re-registration even if the re-registered funds are subsequently switched. The investor charge will only be levied if the client invests using a method other than re-registration.

• Re-registration in to Old Mutual Wealth is only available on CIAs and ISAs.

*If the fund is available on the platform in the same share class

RE-REGISTRATION FOR ISA AND COLLECTIVE INVESTMENT ACCOUNT: SIMPLE AND CONVENIENT FUND CONSOLIDATIONFor financial advisers only.

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• The attached checklist (appendix a) has been created to help you complete the key fields on the application and authority form.

• You must include on the authority the fund manager’s account number and whether the fund is held in Income or Accumulation units.

• The fund managers will verify the details on the authority with their own records – if anything differs (eg the names and addresses of holders, account numbers), the authority will be rejected and passed back to Old Mutual Wealth Limited. We will then need to refer the authority back to you to verify and amend where necessary.

• Progress of re-registration applications can be tracked on-line within the pending business section of the adviser extranet.

Example applicationsOne application is required per client. Joint and individually held investments are considered to be separate clients. For example if Mr and Mrs Smith each hold an ISA and three unit trusts in joint names, they would need to apply for an individual ISA each and a joint CIA in order to re-register their investments on the platform.

FA and client complete re-registration and application form

Applications and authorities sent to Old Mutual Wealth

Application verified and covering letter sent

Authority sent to fund

manager A

Authority sent to fund

manager B

Authority sent to fund

manager C

Financial adviser

Old Mutual Wealth Limited

Validation of fund and

holder details for Fund A

Validation of fund and

holder details for Fund B

Validation of fund and

holder details for Fund C

Fund A re-registered

Fund B re-registered

Fund C re-registered

Fund Manager

Fund A updated and contract

note produced

Fund B updated and contract

note produced

Fund C updated and contract

note produced

Old Mutual Wealth Limited

Client receives contract note for Fund A

Client receives contract note for Fund B

Client receives contract note for Fund C

Client

APPLICATION PROCESS

APPLICATION PROCESSING

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• Some fund managers will send a confirmation to the existing clients that units have been transferred out of their names as well as confirming the transactions to us. This confirmation is often received first by the client so it is important that both advisers and clients are aware that this may happen.

• Written confirmations can take some time to reach us. We will investigate if the confirmation is not received 30 days from the instruction being sent to the fund manager.

• Each time we receive confirmation of a re-registration, a contract note will be sent to your clients. If you are re-registering more than one fund this may result in a number of contract notes being sent.

CONFIRMATION

• Check the fund is on our platform and available for re-registration by using the Funds List and checking the re-registration column. Remember to check that the client holds the same share class that is available on our platform.

• Use our ISA and CIA re-registration application form, remembering to complete the re-registration authority at the back (one authority per manager).

• Please ensure details are correctly completed including any joint account holders – authorities will not be accepted if the details are incorrect.

• Make sure that you have selected whether the units are income or accumulation.

• Ensure all application forms and authorities are signed by the client.

• If your client is making regular subscriptions to the ISA being re-registered, please ensure that these are cancelled; if the payments continue, the client could inadvertently subscribe to two ISAs for the current tax year and the second ISA will have to be voided.

• Account numbers are very important – fund managers will not complete a re-registration without this information.

• Our platform offers the retail share class for each OEIC fund. It is important to check that this matches your client’s holding – for example M&G offers both the X and A share class when buying directly. However, only one of these share classes is available for each M&G fund held on the platform.

APPENDIX A - RE-REGISTRATION CHECKLIST

• Timescales Re-registrations generally take four weeks to complete (as opposed to 5-10 days for cash transfers).

Delays can be caused by the following:

– the re-registration is complete but we have not received confirmation from the fund manager

– incorrect signatories (usually a problem for corporate holders)

– funds selected that cannot be re-registered (check the Funds List for details of which funds can be re-registered).

• Investor charge The investor charge does not apply to re-registration, only cash investment – even if the re-registered funds are subsequently switched. However, if an

investor is already paying the investor charge and subsequently re-registers assets on to the platform, the charge will continue to be levied.

• Share class The platform only carries one share class for each fund and it will always be a retail share class. There are a number of providers who have more than

one share class (eg M&G). It is important that the share class is validated against the Funds List to ensure the client holds the correct one.

• Documentation We will issue confirmation every time re-registration is confirmed to us by a fund manager. Therefore if the client is re-registering funds from a number

of providers it is likely that they will get a number of confirmations over a period of weeks.

Some fund providers will send confirmation of the re-registration direct to the client as well as to us. The client typically receives this before receiving confirmation from us that the re-registration is complete. It is important that the financial adviser and client understand that this is a normal part of the process. The units are not lost and the client is not out of the market.

• Income payments There may be a delay in income payments during re-registration – particularly if the fund pays income monthly.

• Incorrect funds Given the large number of funds and share classes, making an error on the fund to be re-registered is very easy. It is very important that care is taken

when completing re-registration authorities to ensure the fund, share class and unit type (inc/acc) are correct.

APPENDIX B - KEY POINTS TO HELP MANAGE CLIENT EXPECTATIONS

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www.oldmutualwealth.co.ukCalls may be monitored and recorded for training purposes and to avoid misunderstandings.Old Mutual Wealth is the trading name of Old Mutual Wealth Limited which provides an Individual Savings Account (ISA) and Collective Investment Account (CIA) and Old Mutual Wealth Life & Pensions Limited which provides a Collective Retirement Account (CRA) and Collective Investment Bond (CIB).Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited are registered in England and Wales under numbers 1680071 and 4163431 respectively. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Old Mutual Wealth Limited is authorised and regulated by the Financial Conduct Authority. Old Mutual Wealth Life & Pensions Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their Financial Services register numbers are 165359 and 207977 respectively. VAT number 386 1301 59.When printed by Old Mutual this item is produced on a mixed grade material, which uses a combination of recycled wood or paper fibre from controlled sources and virgin fibre sourced from well-managed, sustainable forests.

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