Trustee Investment Plan

Also worth knowing

• How does the Trustee Investment Plan work?

  We use your investment to buy units within the fund (or funds) of your choice. The fund(s) chosen may invest in stocks and shares, bonds, property or cash. The value of these assets will determine the value of the units you hold. The income from these assets (such as dividends or rent from property) may also increase the unit value.

• How much can you pay in?

  When you’re ready to invest in a plan, you’ll need to tell us how much you want to pay in – the minimum amount is £15,000.

  The minimum for additional single premium payments into an existing plan is £15,000.

  You can pay regular premiums into the plan when we set it up or at a later point, subject to these minimum:

  Every month   £1,250

  Every three months   £3,750

  Every six months   £7,500

  Every year   £15,000

  You’ll need to make your initial regular payment by cheque. After that, we’ll collect your future payments by direct debit.

• Can I amend the regular premiums after the plan starts?

  You can start, stop or vary the amount and frequency of the regular payments at any time. The minimum reduction or increase is £250.

• What funds are available?

  There’s a wide range of funds available covering the major geographical areas and sectors, as well as some specialist funds. We can manage these funds, or you can access an extensive choice of funds managed by other investment management companies. You can invest in up to 10 separate funds for each payment.

• How will I know how the plan is doing?

  Every six months, we’ll send a statement to the first named trustee on the application form. The statement will include the value of each investment. We’ll also send a copy to your financial adviser.

  Our Fund Research Centre will show you the unit price of each fund we offer (choose Pension Series 4), together with fund fact sheets which detail the current asset split and past performance of funds.