Features
Product Facts
Allocation
100%
Bid/Offer Spread
Nil
Policy Fee
Nil
Charging Structure
Choice of annual management charge between 0.73% to 1.5% (depending on commission being taken) each year for our internally-managed funds. Externally-managed funds have a higher annual management charge.
No charges* for transfer / paid up policies.
No charges* for early / late retirement.
Start, stop or change contributions, usually without charge.
*Market Value Reductions may apply if invested in the Unitised With-Profits Fund.
Switching*
Currently free switching between funds. Automatic phased switching available.
*Switches from the Unitised With-Profits Fund must be completed at least 3 years before selected retirement age.
Commission
Full range of options – initial plus level, level and fund based.
Contributions
Regular minimum £150 gross per month/£1800 gross per year.
Single £5,000, or £600 gross if paid in addition to regular and no minimum if paid in addition to regular at the outset.
Minimum increment £20 gross per month/£240 gross per year.
There is no maximum limit on payments that can be made each year. However, limits do apply to the amount of tax relief available. Please see the 'What about tax?' section in our key features document for further details.
Investment
Extensive range of funds including externally managed funds.
Additional Options
Lifestyle Switching*.
Online Servicing.
*This must be chosen at the outset.
Please note that charges, terms and limits may change. We may change the selection of funds that we make available. There may be restrictions on the amount that can be invested in certain funds. Please contact us for details of any restrictions that apply. Tax treatment depends on the individual circumstances of your client and may be subject to change in the future.
Flexibility
Every individual has different needs and requirements, ranging from a minimal advice option to one with additional features and investment choice. Depending on the type of product you recommend, the level of advice you provide may vary. Keeping this in mind, our flexible product terms offers you the choice to build a tailored benefits package.
Flexible Product Terms
Single charge
A tailored annual management charge* to suit your clients needs, for example:
- 0.73% annual management charge / nil commission option
- 1% annual management charge for internally-managed funds / standard commission option
*Externally managed funds have a higher annual management charge.
Commission structure
A tailored commission structure to suit your needs. You have a choice of standard commission terms as follows:
- Level commission 3%
- Initial commission 45% of LAUTRO
- Fund based commission 0.27%
There is a maximum limit of £6,000 that we will pay in initial commission. Any excess above this amount can be taken as fund based commission.
Mixed commission structure for maximum choice and flexibility
Available Funds
