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Many people would like to achieve a better return on their
money than they can get in a bank or building society but they have to be
prepared to invest for the longer term, giving up an element of security for
potentially higher reward. They should understand that investments linked to
stocks and shares can fall as well as rise in value and they may get back less
than the amount invested.
With the LICI UK Steady Growth With Profit ISA your money
goes into a life insurance plan that buys units in the ISA fund. The ISA fund is
invested in LICI UK With-Profits fund, a pooled fund contributed by all With
Profits policyholders and is designed to give increased investment income and
steady capital growth. The fund invests in a range of carefully selected
investments including stocks and shares, property and fixed interest securities
in order to achieve this aim. Although specific investments are not earmarked
for the ISA fund within the LICI UK With-Profits fund, it is notionally invested
in the ratio of 50:50 between equities and fixed interest securities to offer
potential higher returns. LICI UK With-Profits fund is managed by
BNP Paribas Private
Investment Management Limited, a global leader in banking and wealth management.
You can read about how we manage our With
profits fund at
http://www.liciuk.com or we can provide you a copy of the document upon
request. Alternatively you can contact us by telephone on
0800 0685712 ( free phone )
Factors with can affect performance:
The actual proceeds on LICI UK Steady Growth With Profit ISA
will depend on the bonuses declared which is linked to the performance of the
stock related investments they are invested in. Past performance can not be
relied to indicate future returns. The value of your investments can go down as
well as up.
Your circumstances may change forcing you to cash in early.
If you do so you may not get back as much as you invested. We will apply a
charge for early surrender if you cash in within the first 3 years.
You should read the section
“Charges” of the
Key Features Documents
carefully and ask us for clarification if there is any doubt. You can also
click on the “ISA CHARGES EXPLAINED” button for details.
We may apply Market Value Reduction in case you decide to
withdraw at a time the stock market is performing badly. It will however be not
applied on the 10th anniversary from when you first started the
policy and on every 5th anniversary thereafter.
Please read “What is the Market Value
Reduction” section of the
Key Features Documents
for full details.
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