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Protected Portfolio ISA

If you want to enjoy growth when times are good with the added reassurance that your capital is protected against any downturn, then our Protected Portfolio ISA may suit you.

There is a limited period of time in which you can invest in the Protected Portfolio ISA. Speak to your financial adviser to find out more.

Benefits

  • Our Protected Portfolio ISA is designed to allow growth should markets rise, with a safety net of up to 100% capital protection at the end of the investment term should markets fall. The term varies for each tranche of the Protected Portfolio ISA and ranges between five and six years.

You have:

  • the ability to protect some, or all, of your original investment

  • access to the performance of a portfolio of five leading funds

  • a flexible range of investment options so you can tailor your investment to meet your personal needs.

The advantages of linking returns to a portfolio of funds rather than the FTSE® 100 include:

  • active management

  • spread of investment risk

  • benefits of reinvested dividends.

Risks

  • This is not a guaranteed investment.

  • Your protection is not guaranteed as this depends on third parties meeting their obligations. In the event that any of the plan investments or institutions issuing the underlying assets or contracts fail to meet their obligations for any reason, the investment will not be able to pay out the expected amounts.

  • The capital protection only applies if you leave your money invested for the full investment term. If you cash in your investment early, you may experience some loss of capital or investment return.

  • Tax rules can change at any time, which may affect your investment.

  • The reference funds can go down as well as up, and investment growth cannot be guaranteed.

  • If you are transferring your existing ISA investments, you could incur a loss of income or growth, depending on market conditions.

Who is eligible?

  • UK residents, aged 18 and over.

Minimum and maximum subscriptions

  Maximum investment per tax year Minimum payment
Lump sum £7,200* £3,000
Transfer Unlimited £3,000

* From 6 October 2009, investors who will be aged 50 or over by 5 April 2010 will be able to subscribe £10,200 to a stocks and shares ISA in the 2009/2010 tax year.

All ISA investors aged 18 or over will be able to subscribe the higher amount each tax year from 6 April 2010.

Term

  • The Protected Portfolio ISA has a fixed term and you must keep your money invested until the end of the term for the protection to apply.

Morgan Stanley & Co. International Limited is the Plan Manager for the Protected Portfolio ISA.

This web page is only intended as a general introduction to the Skandia Protected Portfolio ISA. Full details can be found in our Key Features Document available from your financial adviser.

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