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Important Information

This is only a summary and general introduction to RL360 PIMS. You should speak to your financial adviser and read the RL360 PIMS literature suite before making an investment decision. We can only accept business that is introduced via a financial adviser.

PIMS - FAQs

PIMS is built around a simple proposition of choice, flexibility and tax-efficiency.

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Frequently Asked Questions About PIMS

We have pulled together this list of frequently asked questions to help answer some of your most common queries.


Making changes to the plan

Q Can the plan basis be changed between life assurance and capital redemption after issue?

A No. The plan basis cannot be changed after issue.


Q Can the plan currency be changed once the plan has been issued?

A No. The plan currency must remain the same as the currency selected at application stage.


Cash Account

Q Is there a minimum balance that I should maintain within the PIMS cash account?

A A minimum of 2% of the plan value must be retained in the cash account throughout the life of the plan.


Charges

Q If I decide to pay more money into my PIMS plan, can the charging structure for the additional payment be different to the initial payment?

A Yes. A charging structure that is different from the initial payment can be selected.


Q? Are the charges that apply on a PIMS plan taken every calendar quarter, or the quarterly anniversary of the plan from the start date?

A Any establishment charge or service charges are taken on the quarterly anniversary of the plan start date.


Assets

Q Can I hold assets such as stocks, shares, cash deposits and structured products within my plan?

A Yes. With a PIMS plan you will be able to invest in an almost unlimited range of assets subject to our acceptance. For further details please refer to the RL360 PIMS Guide to Investment.


Q Who is responsible for deciding which assets to buy and sell?

A You or the company you nominate to act on your behalf. RL360 does not provide investment advice and will not provide you with guidance as to assets which are suitable for you.


PIMS is a plan where its value is linked to the assets you choose to invest in. In some cases you may be making decisions yourself or with the aid of your financial adviser, or allowing an investment adviser or discretionary manager to make them for you. PIMS empowers you with the ability to access a vast number of different assets from many companies across the globe, but RL360 is not responsible for how those monies are then invested, we only reflect their value within your plan. It is their performance which ultimately impacts on your PIMS plan with us. Simply and importantly you must ensure you are happy with the asset choices that you or your adviser is making. We will not check their suitability for you.


There is a clear division of responsibilities between RL360 as a product provider providing you with PIMS and the companies which manage the assets to which your plan value is linked.


The assets you choose should have a range of supporting materials available from the company that provides them. These will commonly detail how the asset is structured, how it is performing, the make up of its underlying assets and usually much more.


The final responsibility for asset selection lies with you and your adviser. If the assets selected for your plan reduce in value, this will reduce your plan value and RL360 will not compensate you as a result.


Withdrawals

Q What is the maximum amount I can withdraw from my PIMS plan?

A A withdrawal cannot result in the plan value dropping below the minimum amount or 15% of the payments paid to date, whichever is higher. The minimum values are detailed in the PIMS Product Guide.


Q Are withdrawals restricted within the early exit charge period?

A Withdrawals must not exceed the minimum plan value limits as above, there are no additional restrictions during the early exit charge period.


Learn more about how you can monitor and manage your plan through our Online Service Centre.

Important Information

This is only a summary and general introduction to RL360 PIMS. You should speak to your financial adviser and read the RL360 PIMS literature suite before making an investment decision. We can only accept business that is introduced via a financial adviser.