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dedicated financial adviser website

For financial advisers only

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Protected Lifestyle - External Fund Range

The external fund range was added to Protected Lifestyle in December 2014 to offer new investment opportunities outside of the internal protected fund range.


Like our new business protection policy, LifePlan, the external range available to Protected Lifestyle has to operate within a specified volatility ratio. This attempts to marry steady growth with above inflation returns, and whilst there are no performance guarantees, we believe these funds significantly enhance the Protected Lifestyle proposition for existing clients.


When the internal Capital Protected Funds formally close on 21 September 2018 policyholders will have to choose between investing in the external funds and/or our new internal portfolio funds which will be launched in September 2018.


What the external range offers...

No mirror funds

The range offers 50+ direct funds (100+ when you factor in alternative currency variants) carefully selected from leading fund houses, denominated in EUR, GBP and USD.


Daily access

All funds are daily priced and daily traded allowing your client's to change their selection at any time.


Choice

There's a mix of asset classes to choose from including currency/money market, fixed interest, equity, global managed, hedge/structured products and Islamic, providing extensive options to diversify policy portfolios.


Risk Ratings

Funds risk rated between 1 & 7 (1 being low, 7 being high), helping you to match funds with your client's attitude to risk.


Investment materials

There's our Fund Guide, Fund Performance Bulletin and Factsheets, all updated regularly to provide you and your client with up to date details of the options available and how they are performing.


Fund charges

There is a bid/offer spread on the external fund range (with the exception of the GBP/USD/EUR Cash Funds) for purchases ands switches. This means units are bought at the offer price, and are valued in a policy at the bid price. The bid price is 2.5% lower than the offer price. There is no bid/offer spread on the GBP/USD/EUR Cash Funds.


External fund Annual Management Charges (applied by the fund manager and already included within the fund price) range from 0.2% up to 2% depending on the fund type.


Other than the bid/offer spread, clients can move freely between external funds without any switching charges or custodian fees applying. And your clients can also hold funds that are denominated in a different currency to their policy currency, if required, something which is not possible with the internal protected funds.


Download the Protection Fund Guide now for the latest information about the available range.