Flexible Investment Plan
ProductsThe Flexible Investment Plan (FIP) is an offshore investment plan that lets investors make both regular and single contributions at any time.
You should be aware that the value of investments and the income from them can fall as well as rise and isn't guaranteed. You may not get back the amount you originally invested.
It can be an ideal way for you to enhance retirement planning by maximising the benefits of offshore investment. It offers you:
Flexible contributions
You can make single contributions at any time. Regular contributions can increase/decrease and stop/start at any time with no charge - giving you control over how much you invest.
Portability
If you spend time working abroad it can be difficult to make retirement provision if you can't join a UK pension scheme. With the FIP, depending on where you live, it might be possible for you to continue contributions when you're 'on the move'. Even if you're working abroad you can still make contributions into the FIP from a UK bank account.
Taking benefits
The main drawbacks of traditional pensions are that:
- you must take your benefits from age 55
- you can only take some of the fund as a lump sum
But with our FIP you can take benefits whenever you want and you can take as much as you want as a lump sum. Please note, you must leave at least £10,000 invested for the plan to remain in force.
Next steps
Contact your financial adviser for a copy of our support literature and to arrange for a personal illustration.
If you don’t have a financial adviser, our find an adviser service can help you find one in your area.