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 10^th anniversary from when you first started the policy and on every 5^th anniversary thereafter. Please read  “What is the Market Value Reduction” section of the Key Features Documents for full details.