Collective Investment Account (CIA)

Selestia Investment Solutions is the brand name of a new investment platform that combines the strength, innovation and award-winning service standards of two of the UK’s market leading investment providers; Selestia and Skandia MultiFUNDS. Through the CIA you have complete flexibility over fund choice and product features. The Selestia Investment Solutions investment platform offers access to over 900 funds, from 67 fund managers, all under one roof. Your existing unit trust/OEIC investments can be re-registered across free of any initial charge, so you can hold all your investments in one place, giving you more control over your investments.

Useful literature and information

Collective Investment Account:

The CIA, provided by Skandia MultiFUNDS Limited, allows you to invest directly into unit trust and OEIC funds without a maximum limit on the investment amount. Ideal for investors who do not qualify for an ISA or have reached the maximum limit on their ISA allowance.

Benefits

• The CIA offers you the chance to invest in a choice of over 900 funds all under one roof.
• You can invest in up to 50 funds per application, allowing you to spread your investments as you wish, to create a fully diversified portfolio. You can switch between funds, free of any administration charge, allowing you to react quickly to changes in the market.
• It offers you flexibility over how you would like your income and when you would like it.
• You can also view your investments online through our secure client extranet site.

Risks

• The CIA is intended as a long-term investment. If you withdraw from it, you may not get back the full amount you invested, particularly in the early years.
• The value of shares and units can go down as well as up, and investment growth cannot be guaranteed.

Who is eligible?

• UK, Isle of Man, Jersey and Guernsey residents, aged between 18 and 90.

Minimum and maximum subscriptions

• Minimum monthly premium: £99 regular monthly (no maximum).
• Minimum lump sum: £2,500 (no maximum).
• Minimum re-registration amount: £2,500 (no maximum)

Term

• There is no term limit; your CIA can stay invested for as long as you like.

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Information on this website is not intended for Hong Kong residents. Information on this website about Skandia Group Companies is intended for UK residents only, unless it relates to Royal Skandia, Skandia Life Norge or Suomen Sivuliike. Skandia Group companies do not offer investment advice and no information on this website should be construed as such.

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