Glossary

This glossary provides an explanation of the more common abbreviations and terminology used within Old Mutual.

Abbreviations

BEE	Black Economic Empowerment
CPIX	Consumer Prix Index
EB	Employee Benefits
EMM	Emerging Middle Market
EEV	European Embedded Value
FSB	Financial Services Board
GS	Group Schemes
IFRS	International Financial Reporting Standards
IH	Investment Horizons
IL	Individual Life
OMAM	Old Mutual Asset Management
OMHC	Old Mutual Healthcare
OMLACSA	Old Mutual Life Association of South Africa
OMAM (US)	Old Mutual Asset Management US
OMI	Old Mutual International
OMSA	Old Mutual South Africa
PFA	Personal Financial Advice
SP	Single Premium

Terminology

Multi-Manager Funds
These are designed using principles of Optimised Funds, with asset allocations performed by OMAM but a number of specialist external asset managers have been chosen for their ability to deliver excellent performance in their areas of expertise.

Regular Premium Investment Plan
An Investment Plan in which the Investor commits to pay regular premiums of a specific amount at a specific frequency (e.g. monthly or annually), and for a specific premium-paying term.

Single Premium Investment Plan
An Investment Plan in which an Investor pays a single premium, with the option of paying further ad-hoc premiums as and when it suits the Investor.

Smoothed Bonus Funds
These are the funds that provide guarantees, when required. Of particular importance is the Smooth Performance Fund, as it offers exposure to the equity market, whilst still offering guarantees. This makes it extremely attractive and appealing to investors.