Wealth Management Portfolio

Products

Our Wealth Management Portfolio (WMP) is an international bond that you can invest a lump sum of money in. Its flexible charging structure allows you and your adviser to select a structure that suits your own personal circumstances.

The value of your bond will depend on how investments picked by you and your adviser (initially and subsequently) perform. The bond value can fall as well as rise and isn't guaranteed. You may not get back the amount you originally invested.

Rated five stars by Defaqto

In February 2011, for the sixth year running, WMP was among an exclusive selection of high quality international bonds to be rated five stars by Defaqto. Defaqto is an independent financial data collection and research company that provides comprehensive and up-to-date product information for the financial services industry.

Five-star products are the top quality products within their particular market. Typically, only around one in ten products will achieve this top tier.

Flexible charging structures

You and your adviser have the choice of how to pay for your bond. We have five standard charging options or, if these aren't what you're looking for, your adviser can help you tailor the charges to meet your needs.

Deciding on the best way to pay for your bond can be a difficult decision. That's why it's one we think only your financial adviser should give you advice on. Speak to your financial adviser today to find out more about the charges on WMP.

We may vary these charges from time to time where we have a valid reason.

Extensive investment choice

WMP has an extensive fund range. If offers three different layers of funds:

• Portfolio funds - this includes some of the best-known and most experienced fund managers in the industry.
• Preferential range - this offers over 1,300 funds managed by leading fund management groups. None of them have an initial charge.
• Universal range - this offers investments not normally available directly to investors.

We assess the suitability of these funds for WMP, however we don't carry out any due diligence on these funds and don't assess the suitability or reliability of these investments for your personal circumstances. Please speak to your financial adviser for more information.

European portability option

We've added the European portability option to WMP for those customers who want to move to France, Italy or Spain so they can continue to benefit from a tax-efficient product, with effective income tax deferral.

Access to capital

With WMP your money isn't locked away. It gives the option to take regular withdrawals monthly, quarterly, half-yearly or yearly - and one-off withdrawals.

There could be a charge for cashing in part or all of your bond. If you've received a quotation for WMP or already have WMP, your personal illustration and key features document that you received will have details of these charges. If you've not yet taken out our WMP, your financial adviser will be able to tell you what the potential charges would be.

Tax advantages

WMP has several tax advantages including choosing when to pay tax on any gains you make and it won't be taxed year on year apart from some withholding tax, that can't be recovered, on certain funds.

You can also move between funds/assets without triggering a capital gains tax liability. And unless a chargeable event occurs, for example you withdraw more than 5% a year or cash the bond in, you won't have to complete a self-assessment tax form.

All references to taxation are based on our understanding of current taxation law and HM Revenue & Customs practice in the United Kingdom and Republic of Ireland, which may change. The amount of tax relief you may get depends on your financial circumstances.