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Important - financial advice

This is only a summary and general introduction to PIMS. You should speak to your financial adviser and read the PIMS literature suite before making an investment decision. We can only accept business that is introduced via a financial adviser.

Personal Investment Management Service

Our single premium portfolio bond is built around a simple proposition of choice, flexibility and tax-efficiency.

Features

This page details some of the key differences in features between PIMS Focused and Flexible. For full details you should always read PIMS The Facts. Please scroll down for a summary of the charging structure elements.

Focused


Charges

  • The charges are lower than Flexible
  • Can be upgraded to Flexble at a later date
    (one-off charge applies)

Investments

  • Access to 1000+ funds from a defined range
  • Institutional discounts on most funds in the range
  • Investment adviser can be appointed at any time

Flexible


Charges

  • The charges are higher than Focused
  • Cannot be downgraded to Focused at a later date

Investments

  • Access to virtually unlimited investments
    (subject to our acceptance)
  • Benefits from the same institutional discounts as Focused
  • Discretionary manager appointment possible in addition to investment adviser

Common to both versions


Availability

  • Individuals over 18
  • Companies and Corporate Trustees
  • Lives assured maximum age 85

Structure

  • Capital redemption or life assurance
  • Up to 100 sub-policies
  • Choice of 7 policy currencies
  • Minimum GBP 50,000 initial premium

Access

  • Regular withdrawals
  • One-off withdrawals
  • Sub-policy surrenders

Online

  • Policy information for clients and advisers
  • Dealing

Charging elements summarised

There are a number of different ways to the structure the charges associated with PIMS, you should discuss them with your financial adviser to see which suit your circumstances best. It is also possible to structure charges differently between the initial premium and subsequent premiums you might pay, so you can always benefit from the most appropriate set of charges.


There are three main elements to the charging structure, they can be used individually or in combination: Allocation Rate, Establishment Fee, Percentage Administration Fee. Click on each below to reveal more...


Reduced allocation rate
  • Premium allocated at less than 100%
  • Rate depends on charges
  • No early surrender fees
Establishment fee
  • Premium typically allocated at 100%
  • Fee can be spread over a 5, 8 or 10 year period, based on percentage of premium paid
  • An early surrender fee applies during the 5, 8 or 10 year period, taken as a percentage of the premium paid
Percentage administration fee
  • Premium typically allocated at 100%
  • Fee is taken over the life of the policy, based on the higher of the current value or premium paid
  • An early surrender fee applies over either an 8 or 10 year period, taken as the higher of the current value or premium paid

Remember to read PIMS The Facts for full details.

Important

Financial advice

This is only a summary and general introduction to PIMS. You should speak to your financial adviser and read the PIMS literature suite before making an investment decision. We can only accept business that is introduced via a financial adviser.